General Electric (NYSE:GE) Shares Acquired by Howe & Rusling Inc.

Howe & Rusling Inc. increased its position in General Electric (NYSE:GE) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,560 shares of the conglomerate’s stock after buying an additional 122 shares during the quarter. Howe & Rusling Inc.’s holdings in General Electric were worth $454,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GE. WCM Investment Management LLC acquired a new stake in shares of General Electric in the fourth quarter valued at $520,488,000. Brown Advisory Inc. lifted its holdings in shares of General Electric by 265.7% during the third quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate’s stock valued at $332,581,000 after purchasing an additional 2,185,793 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of General Electric by 11,947.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock valued at $201,218,000 after purchasing an additional 1,563,484 shares during the last quarter. Carmignac Gestion purchased a new stake in shares of General Electric during the third quarter valued at $133,581,000. Finally, AQR Capital Management LLC lifted its holdings in shares of General Electric by 358.4% during the third quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock valued at $161,035,000 after purchasing an additional 1,138,896 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity

In other 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 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 approximately $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 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 approximately $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction dated Friday, February 2nd. The shares were 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 directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on GE shares. Royal Bank of Canada upped their target price on General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their target price on General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Finally, Vertical Research began coverage on General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 target price for the company. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $172.29.

General Electric Stock Performance

Shares of GE stock opened at $161.53 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. General Electric has a fifty-two week low of $77.93 and a fifty-two week high of $166.26. The stock’s 50-day moving average is $161.50 and its two-hundred day moving average is $137.33. The firm has a market cap of $176.81 billion, a P/E ratio of 52.36, a PEG ratio of 2.88 and a beta of 1.25.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same period in the prior year, the firm posted $0.27 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. Analysts predict that General Electric will post 3.95 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were issued a dividend of $0.28 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. General Electric’s dividend payout ratio is currently 36.72%.

General Electric 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.