Copperwynd Financial LLC Acquires 1,244 Shares of General Electric (NYSE:GE)

Copperwynd Financial LLC lifted its holdings in General Electric (NYSE:GE) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,565 shares of the conglomerate’s stock after acquiring an additional 1,244 shares during the period. General Electric makes up approximately 0.8% of Copperwynd Financial LLC’s portfolio, making the stock its 25th biggest position. Copperwynd Financial LLC’s holdings in General Electric were worth $2,763,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Aigen Investment Management LP acquired a new stake in shares of General Electric in the 3rd quarter valued at about $460,000. Pinnacle Financial Partners Inc grew its stake in shares of General Electric by 7.9% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 6,978 shares of the conglomerate’s stock valued at $1,316,000 after buying an additional 510 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of General Electric by 14.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,013 shares of the conglomerate’s stock valued at $757,000 after buying an additional 513 shares during the period. Cable Hill Partners LLC grew its stake in shares of General Electric by 14.7% in the 3rd quarter. Cable Hill Partners LLC now owns 1,684 shares of the conglomerate’s stock valued at $318,000 after buying an additional 216 shares during the period. Finally, KBC Group NV grew its stake in shares of General Electric by 96.9% in the 3rd quarter. KBC Group NV now owns 168,735 shares of the conglomerate’s stock valued at $31,820,000 after buying an additional 83,053 shares during the period. 74.77% of the stock is owned by institutional investors.

General Electric Trading Up 2.6 %

NYSE:GE opened at $197.39 on Friday. 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 market capitalization of $211.85 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The firm’s 50 day moving average is $195.54 and its 200 day moving average is $183.82. General Electric has a 12 month low of $131.91 and a 12 month high of $212.19.

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

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is 24.04%.

Analysts Set New Price Targets

GE has been the subject of several research reports. UBS Group raised their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Bank of America lifted their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Two research 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 currently has an average rating of “Moderate Buy” and a consensus price target 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.