Financial Engines Advisors L.L.C. Has $1.08 Million Stake in General Electric (NYSE:GE)

Financial Engines Advisors L.L.C. raised its stake in shares of General Electric (NYSE:GE) by 172.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,473 shares of the conglomerate’s stock after buying an additional 4,093 shares during the period. Financial Engines Advisors L.L.C.’s holdings in General Electric were worth $1,080,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GE. RPg Family Wealth Advisory LLC bought a new position in shares of General Electric in the 3rd quarter valued at approximately $30,000. Hager Investment Management Services LLC acquired a new position in General Electric during the fourth quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new position in shares of General Electric in the fourth quarter valued at approximately $29,000. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Electric in the fourth quarter worth $29,000. Finally, Picton Mahoney Asset Management boosted its holdings in shares of General Electric by 62.4% during the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Bank of America lifted their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Northcoast Research assumed coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. Redburn Atlantic started coverage on General Electric in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Stock Down 2.3 %

Shares of GE opened at $207.33 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $200.66 and a two-hundred day moving average price of $185.98. The stock has a market cap of $222.53 billion, a price-to-earnings ratio of 34.61, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a 12 month low of $133.99 and a 12 month high of $214.21.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping 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 analysts predict that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 10th. 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 Company 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.