Vision Financial Markets LLC Invests $179,000 in General Electric (NYSE:GE)

Vision Financial Markets LLC purchased a new position in shares of General Electric (NYSE:GE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,073 shares of the conglomerate’s stock, valued at approximately $179,000.

A number of other institutional investors also recently modified their holdings of GE. Catalyst Capital Advisors LLC grew its position in General Electric by 117.7% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate’s stock worth $51,000 after acquiring an additional 146 shares during the last quarter. United Advisor Group LLC bought a new stake in General Electric during the 3rd quarter worth $304,000. Pittenger & Anderson Inc. grew its position in General Electric by 615.1% during the 3rd quarter. Pittenger & Anderson Inc. now owns 1,044 shares of the conglomerate’s stock worth $197,000 after acquiring an additional 898 shares during the last quarter. Crestwood Advisors Group LLC grew its position in General Electric by 19.5% during the 3rd quarter. Crestwood Advisors Group LLC now owns 12,905 shares of the conglomerate’s stock worth $2,434,000 after acquiring an additional 2,106 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its position in General Electric by 221.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 11,933 shares of the conglomerate’s stock worth $2,250,000 after acquiring an additional 8,221 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Up 1.9 %

Shares of General Electric stock opened at $202.61 on Thursday. General Electric has a one year low of $126.78 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock’s 50-day moving average is $192.06 and its 200 day moving average is $182.77. The firm has a market cap of $217.46 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities research analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. General Electric’s dividend payout ratio is 24.04%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GE. JPMorgan Chase & Co. boosted their price objective on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Redburn Atlantic began coverage on General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. Wells Fargo & Company boosted their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Bank of America boosted their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Citigroup upped their price target on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and an average target price of $211.31.

About General Electric

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.