Terril Brothers Inc. Buys 154 Shares of General Electric (NYSE:GE)

Terril Brothers Inc. raised its stake in shares of General Electric (NYSE:GE) by 12.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,369 shares of the conglomerate’s stock after buying an additional 154 shares during the quarter. Terril Brothers Inc.’s holdings in General Electric were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital World Investors grew its holdings in shares of General Electric by 2,818.1% during the first quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate’s stock worth $2,237,930,000 after purchasing an additional 12,312,648 shares in the last quarter. Capital International Investors grew its stake in General Electric by 9.9% in the 1st quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate’s stock worth $10,373,936,000 after buying an additional 5,309,543 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of General Electric by 221.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate’s stock worth $1,250,079,000 after buying an additional 4,907,530 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of General Electric during the 2nd quarter valued at $580,200,000. Finally, Evergreen Quality Fund GP Ltd. bought a new stake in shares of General Electric during the 1st quarter worth $385,745,000. 74.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on GE shares. UBS Group increased their target price on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, July 1st. StockNews.com cut General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Sanford C. Bernstein initiated coverage on General Electric in a research report on Tuesday, September 10th. They issued an “outperform” rating and a $201.00 target price for the company. Royal Bank of Canada increased their price target on shares of General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their price objective on shares of General Electric from $192.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.14.

General Electric Price Performance

GE stock opened at $181.46 on Tuesday. The stock has a market capitalization of $198.63 billion, a price-to-earnings ratio of 59.50, a PEG ratio of 1.65 and a beta of 1.18. The firm’s 50-day moving average price is $166.93 and its two-hundred day moving average price is $171.00. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a 12-month low of $84.42 and a 12-month high of $181.52.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. The company had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $8.44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. General Electric’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. As a group, equities analysts predict that General Electric will post 4.2 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. General Electric’s dividend payout ratio is presently 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.