Fidelis Capital Partners LLC Increases Stake in General Electric (NYSE:GE)

Fidelis Capital Partners LLC boosted its stake in General Electric (NYSE:GE) by 13.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,790 shares of the conglomerate’s stock after buying an additional 322 shares during the period. Fidelis Capital Partners LLC’s holdings in General Electric were worth $356,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Halpern Financial Inc. grew its position in shares of General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after buying an additional 184 shares during the last quarter. CGC Financial Services LLC grew its position in shares of General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after buying an additional 110 shares during the last quarter. Capital Analysts LLC grew its position in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after buying an additional 87 shares during the last quarter. Macroview Investment Management LLC grew its stake in General Electric by 43.4% in the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 96 shares during the period. Finally, Fortis Group Advisors LLC purchased a new stake in General Electric in the third quarter worth $37,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Trading Down 3.2 %

General Electric stock opened at $148.09 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85. General Electric has a one year low of $76.87 and a one year high of $158.68. The stock has a market capitalization of $161.90 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 3.00 and a beta of 1.29. The business’s fifty day moving average is $159.32 and its 200 day moving average is $134.37.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, beating the consensus estimate of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company had revenue of $19.42 billion for the quarter, compared to analysts’ expectations of $17.27 billion. During the same period last year, the firm posted $1.24 earnings per share. General Electric’s revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts predict that General Electric will post 3.78 EPS for the current year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be issued a $0.28 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. General Electric’s dividend payout ratio is currently 13.38%.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the transaction, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GE. TD Cowen raised General Electric from a “hold” rating to a “buy” rating and upped their price target for the stock from $175.00 to $180.00 in a research note on Tuesday, April 9th. Barclays reduced their price target on General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. StockNews.com began coverage on General Electric in a research note on Saturday, April 13th. They issued a “hold” rating on the stock. Wells Fargo & Company reduced their price target on General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group started coverage on General Electric in a research note on Tuesday, April 9th. They issued a “buy” rating and a $190.00 target price on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.07.

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.