Pineridge Advisors LLC Has $56,000 Stake in General Electric (NYSE:GE)

Pineridge Advisors LLC raised its holdings in General Electric (NYSE:GE) by 503.6% in the 4th quarter, HoldingsChannel reports. The firm owned 338 shares of the conglomerate’s stock after purchasing an additional 282 shares during the quarter. Pineridge Advisors LLC’s holdings in General Electric were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of GE. Toth Financial Advisory Corp bought a new position in shares of General Electric in the third quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new stake in General Electric in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric in the third quarter worth about $27,000. Hager Investment Management Services LLC acquired a new position in shares of General Electric during the fourth quarter worth approximately $27,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of General Electric during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Up 0.0 %

Shares of NYSE:GE opened at $205.33 on Tuesday. The company has a 50 day moving average price of $179.68 and a two-hundred day moving average price of $178.00. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market capitalization of $220.38 billion, a PE ratio of 34.28, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a 52 week low of $110.95 and a 52 week high of $207.84.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating 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%. Analysts forecast that General Electric will post 5.39 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio is currently 18.70%.

Insider Activity

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GE. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Citigroup upped their price target on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Melius Research raised their price target on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $208.73.

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.