General Electric (NYSE:GE) Stock Holdings Decreased by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC lessened its position in General Electric (NYSE:GE) by 2.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,109 shares of the conglomerate’s stock after selling 65 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in General Electric were worth $519,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. Valley Wealth Managers Inc. acquired a new position in shares of General Electric in the 3rd quarter valued at about $25,000. Hager Investment Management Services LLC acquired a new position in General Electric in the 4th quarter valued at approximately $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric in the 3rd quarter worth approximately $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric during the 4th quarter valued at $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of General Electric during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Redburn Atlantic assumed coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price for the company. Finally, Wells Fargo & Company increased their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Price Performance

NYSE:GE opened at $194.08 on Monday. 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 has a market cap of $208.31 billion, a P/E ratio of 32.40, a PEG ratio of 2.59 and a beta of 1.19. The company has a fifty day moving average price of $193.02 and a 200 day moving average price of $183.20. General Electric has a one year low of $130.38 and a one year high of $212.19.

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

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.74%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 24.04%.

General Electric 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.