Stableford Capital II LLC Has $1.01 Million Holdings in General Electric (NYSE:GE)

Stableford Capital II LLC trimmed its holdings in shares of General Electric (NYSE:GE) by 7.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,305 shares of the conglomerate’s stock after selling 409 shares during the period. Stableford Capital II LLC’s holdings in General Electric were worth $1,014,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Virtu Financial LLC lifted its stake in shares of General Electric by 38.0% in the fourth quarter. Virtu Financial LLC now owns 3,865 shares of the conglomerate’s stock worth $493,000 after buying an additional 1,064 shares during the last quarter. Scarborough Advisors LLC bought a new position in General Electric in the 4th quarter worth $52,000. Wellington Management Group LLP lifted its position in General Electric by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 133,618 shares of the conglomerate’s stock worth $17,054,000 after acquiring an additional 2,055 shares during the last quarter. SageView Advisory Group LLC boosted its holdings in General Electric by 38.5% during the fourth quarter. SageView Advisory Group LLC now owns 7,730 shares of the conglomerate’s stock valued at $1,035,000 after acquiring an additional 2,147 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in shares of General Electric in the fourth quarter worth about $32,000. 74.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on GE. Barclays raised their target price on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Jefferies Financial Group increased their target price 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. Deutsche Bank Aktiengesellschaft upped their price target on General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Sanford C. Bernstein lifted their price objective on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday. Finally, StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $196.86.

General Electric Price Performance

Shares of GE stock opened at $191.10 on Wednesday. The firm’s 50 day moving average price is $176.86 and its two-hundred day moving average price is $166.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14. General Electric has a 52-week low of $84.42 and a 52-week high of $194.33. The stock has a market cap of $209.18 billion, a PE ratio of 62.48, a PEG ratio of 1.86 and a beta of 1.18.

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

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

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.