Fidelis Capital Partners LLC Has $1.38 Million Holdings in General Electric (NYSE:GE)

Fidelis Capital Partners LLC boosted its stake in shares of General Electric (NYSE:GE) by 46.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,262 shares of the conglomerate’s stock after purchasing an additional 2,608 shares during the quarter. Fidelis Capital Partners LLC’s holdings in General Electric were worth $1,378,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. acquired a new position in General Electric during the third quarter worth $25,000. Hager Investment Management Services LLC bought a new stake in shares of General Electric during the fourth quarter worth $27,000. Peterson Financial Group Inc. bought a new stake in shares of General Electric during the third quarter worth $28,000. Sugar Maple Asset Management LLC acquired a new position in General Electric during the 4th quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in General Electric in the third quarter valued at approximately $30,000. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the subject of several recent research reports. UBS Group upped their target price on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Wells Fargo & Company increased their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reduced 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 note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Price Performance

Shares of NYSE:GE opened at $201.91 on Tuesday. The firm has a market cap of $216.71 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The firm’s fifty day moving average is $190.89 and its 200-day moving average is $182.42. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 52 week low of $125.26 and a 52 week high of $212.19.

General Electric (NYSE:GE) last issued its quarterly earnings results 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 net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.71%. General Electric’s payout ratio is presently 24.04%.

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.