Lansing Street Advisors Purchases 485 Shares of General Electric (NYSE:GE)

Lansing Street Advisors grew its position in shares of General Electric (NYSE:GE) by 24.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,441 shares of the conglomerate’s stock after acquiring an additional 485 shares during the quarter. Lansing Street Advisors’ holdings in General Electric were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Valley Wealth Managers Inc. bought a new stake in General Electric during the third quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in General Electric in the 3rd quarter valued at $27,000. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter valued at $27,000. Peterson Financial Group Inc. bought a new position in General Electric in the 3rd quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in General Electric in the 4th quarter valued at $29,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup upped their price objective on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Bank of America upped their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Stock Performance

Shares of GE opened at $199.90 on Friday. The company has a market cap of $214.55 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average price of $186.57 and a 200-day moving average price of $180.85. General Electric has a 12-month low of $119.88 and a 12-month high of $212.19.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is 18.70%.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.