Inceptionr LLC Sells 6,037 Shares of General Electric (NYSE:GE)

Inceptionr LLC lessened its stake in shares of General Electric (NYSE:GE) by 76.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,840 shares of the conglomerate’s stock after selling 6,037 shares during the period. Inceptionr LLC’s holdings in General Electric were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GE. Valley Wealth Managers Inc. purchased a new stake in General Electric in the 3rd quarter valued at about $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 purchased a new stake in shares of General Electric in the fourth quarter valued at approximately $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in General Electric in the third quarter worth approximately $30,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Bank of America increased their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Stock Performance

Shares of GE stock opened at $194.08 on Monday. General Electric has a 12-month low of $130.38 and a 12-month high of $212.19. The business’s fifty day simple moving average is $193.02 and its 200-day simple moving average is $183.20. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $208.31 billion, a PE ratio of 32.40, a PEG ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 24.04%.

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.