Wulff Hansen & CO. Raises Stock Position in General Electric (NYSE:GE)

Wulff Hansen & CO. increased its stake in General Electric (NYSE:GE) by 12.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,265 shares of the conglomerate’s stock after acquiring an additional 1,232 shares during the quarter. General Electric makes up about 1.7% of Wulff Hansen & CO.’s portfolio, making the stock its 16th biggest holding. Wulff Hansen & CO.’s holdings in General Electric were worth $1,879,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vinva Investment Management Ltd grew its holdings in shares of General Electric by 52.3% during the fourth quarter. Vinva Investment Management Ltd now owns 31,019 shares of the conglomerate’s stock worth $5,214,000 after buying an additional 10,653 shares in the last quarter. Bank of Marin purchased a new stake in shares of General Electric during the fourth quarter worth $246,000. VSM Wealth Advisory LLC purchased a new stake in shares of General Electric during the fourth quarter worth $38,000. Xponance Inc. grew its holdings in shares of General Electric by 1.4% during the fourth quarter. Xponance Inc. now owns 176,264 shares of the conglomerate’s stock worth $29,399,000 after buying an additional 2,490 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of General Electric during the fourth quarter worth $7,086,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GE shares. Bank of America upped their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Citigroup upped their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group upped their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company upped their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Trading Down 0.6 %

NYSE GE opened at $200.74 on Wednesday. The firm’s 50-day moving average is $196.70 and its two-hundred day moving average is $184.38. General Electric has a 12 month low of $133.99 and a 12 month 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 has a market capitalization of $215.45 billion, a P/E ratio of 33.51, a PEG ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating 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%. On average, sell-side 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. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. 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 dividend 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.