Kintegral Advisory LLC Sells 109 Shares of General Electric (NYSE:GE)

Kintegral Advisory LLC reduced its holdings in General Electric (NYSE:GE) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,345 shares of the conglomerate’s stock after selling 109 shares during the period. Kintegral Advisory LLC’s holdings in General Electric were worth $392,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. bought a new position in General Electric in the 3rd quarter worth approximately $25,000. Hager Investment Management Services LLC bought a new stake in shares of General Electric during the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in shares of General Electric during the third quarter valued at approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Electric during the fourth quarter valued at approximately $29,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of General Electric during the third quarter valued at approximately $30,000. 74.77% of the stock is owned by institutional investors.

General Electric Price Performance

General Electric stock opened at $199.90 on Monday. 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 firm has a market cap of $214.55 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.59 and a beta of 1.22. The business’s fifty day moving average is $186.57 and its two-hundred day moving average is $180.98. General Electric has a 52 week low of $119.88 and a 52 week high of $212.19.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities research analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 18.70%.

Analysts Set New Price Targets

GE has been the topic of a number of research reports. Northcoast Research initiated coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Redburn Atlantic initiated coverage on General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Finally, Bank of America boosted their price objective on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

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.