KCM Investment Advisors LLC Raises Stock Holdings in General Electric (NYSE:GE)

KCM Investment Advisors LLC raised its stake in General Electric (NYSE:GE) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,708 shares of the conglomerate’s stock after purchasing an additional 447 shares during the period. KCM Investment Advisors LLC’s holdings in General Electric were worth $785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. bought a new position in shares of General Electric during the 4th quarter worth approximately $54,344,000. Smith Moore & CO. increased its position in shares of General Electric by 1.7% during the fourth quarter. Smith Moore & CO. now owns 5,594 shares of the conglomerate’s stock worth $933,000 after purchasing an additional 91 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of General Electric during the 4th quarter valued at $668,000. Wescott Financial Advisory Group LLC boosted its position in shares of General Electric by 2.7% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 4,041 shares of the conglomerate’s stock worth $674,000 after purchasing an additional 108 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its stake in General Electric by 15.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 6,654 shares of the conglomerate’s stock worth $1,109,000 after buying an additional 871 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GE has been the subject of a number of research analyst reports. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Citigroup upped their price target on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Finally, Bank of America boosted their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $214.73.

General Electric Price Performance

NYSE:GE opened at $166.76 on Friday. The company has a 50 day moving average price of $201.56 and a 200-day moving average price of $187.07. General Electric has a 1-year low of $146.78 and a 1-year high of $214.21. The firm has a market cap of $178.98 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

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

General Electric Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, March 10th. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.86%. General Electric’s payout ratio is 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.