Andrew Hill Investment Advisors Inc. Invests $2.56 Million in General Electric (NYSE:GE)

Andrew Hill Investment Advisors Inc. bought a new position in shares of General Electric (NYSE:GE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,076 shares of the conglomerate’s stock, valued at approximately $2,562,000. General Electric comprises about 2.7% of Andrew Hill Investment Advisors Inc.’s investment portfolio, making the stock its 17th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Prime Capital Investment Advisors LLC boosted its holdings in shares of General Electric by 29.3% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock worth $3,613,000 after purchasing an additional 6,419 shares during the last quarter. Fifth Third Bancorp grew its position in General Electric by 12.5% in the fourth quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock worth $33,335,000 after acquiring an additional 28,985 shares during the period. O Shaughnessy Asset Management LLC grew its position in General Electric by 10.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock worth $12,087,000 after acquiring an additional 10,722 shares during the period. Hoey Investments Inc. grew its position in General Electric by 51,152.3% in the third quarter. Hoey Investments Inc. now owns 22,551 shares of the conglomerate’s stock worth $2,493,000 after acquiring an additional 22,507 shares during the period. Finally, Qsemble Capital Management LP purchased a new position in General Electric in the third quarter worth approximately $1,846,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Stock Performance

Shares of GE stock traded down $4.62 during mid-day trading on Friday, hitting $148.32. 4,584,049 shares of the stock were exchanged, compared to its average volume of 7,931,982. The stock’s fifty day simple moving average is $159.15 and its two-hundred day simple moving average is $134.10. The stock has a market capitalization of $162.15 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 3.05 and a beta of 1.29. General Electric has a 12-month low of $76.87 and a 12-month high of $158.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18.

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

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is currently 13.38%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Vertical Research assumed coverage on General Electric in a research report on Thursday, April 4th. They issued a “buy” rating and a $160.00 price objective for the company. Oppenheimer reiterated a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft decreased their price target on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. The Goldman Sachs Group began coverage on General Electric in a research note on Tuesday, April 9th. They set a “buy” rating and a $190.00 price target on the stock. Finally, Jefferies Financial Group decreased their price target on General Electric from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

Insider Buying and Selling

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

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.