Annex Advisory Services LLC Buys 98 Shares of General Electric (NYSE:GE)

Annex Advisory Services LLC lifted its stake in shares of General Electric (NYSE:GE) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,507 shares of the conglomerate’s stock after acquiring an additional 98 shares during the period. Annex Advisory Services LLC’s holdings in General Electric were worth $716,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Criterion Capital Advisors LLC bought a new position in General Electric in the fourth quarter valued at $27,000. Capital Analysts LLC grew its position in General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Bfsg LLC bought a new position in General Electric in the fourth quarter valued at $32,000. Kapitalo Investimentos Ltda bought a new position in General Electric in the fourth quarter valued at $32,000. Finally, Richardson Financial Services Inc. bought a new position in General Electric in the first quarter valued at $34,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. UBS Group increased their price target on shares of General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Jefferies Financial Group increased their price target on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Bank of America raised their target price on shares of General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, StockNews.com cut shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.71.

General Electric Trading Up 0.9 %

GE traded up $1.52 during trading on Friday, reaching $167.13. 2,770,097 shares of the company’s stock were exchanged, compared to its average volume of 7,044,665. General Electric has a one year low of $84.42 and a one year high of $177.20. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $182.94 billion, a PE ratio of 54.80, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. The firm has a fifty day moving average price of $162.56 and a two-hundred day moving average price of $158.81.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.21. The firm had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 EPS. As a group, equities research analysts forecast that General Electric will post 4.15 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. General Electric’s payout ratio is presently 36.72%.

Insider Activity at General Electric

In other news, SVP Russell Stokes sold 45,309 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the sale, the senior vice president now owns 112,958 shares in the company, valued at approximately $18,391,821.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.66% of the stock is owned by corporate insiders.

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.