VSM Wealth Advisory LLC Invests $38,000 in General Electric (NYSE:GE)

VSM Wealth Advisory LLC purchased a new stake in General Electric (NYSE:GE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 225 shares of the conglomerate’s stock, valued at approximately $38,000.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in General Electric by 34.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 76,795 shares of the conglomerate’s stock valued at $14,483,000 after buying an additional 19,766 shares during the period. Quest Partners LLC increased its position in General Electric by 126.0% during the third quarter. Quest Partners LLC now owns 5,156 shares of the conglomerate’s stock valued at $972,000 after acquiring an additional 2,875 shares during the last quarter. Prospera Financial Services Inc increased its position in General Electric by 10.4% during the third quarter. Prospera Financial Services Inc now owns 27,571 shares of the conglomerate’s stock valued at $5,201,000 after acquiring an additional 2,605 shares during the last quarter. SouthState Corp raised its stake in shares of General Electric by 53.8% in the third quarter. SouthState Corp now owns 1,343 shares of the conglomerate’s stock valued at $253,000 after acquiring an additional 470 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of General Electric in the 3rd quarter worth about $6,787,000. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GE shares. Citigroup increased their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company upped their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, UBS Group lifted their target price on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Trading Up 2.4 %

NYSE GE opened at $205.67 on Thursday. General Electric has a one year low of $133.99 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market capitalization of $220.75 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company’s 50-day simple moving average is $197.36 and its two-hundred day simple moving average is $184.53.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. Equities analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business 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 $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.70%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric’s payout ratio is presently 24.04%.

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.