General Electric (NYSE:GE) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its stake in General Electric (NYSE:GE) by 31.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,908 shares of the conglomerate’s stock after acquiring an additional 1,898 shares during the period. EverSource Wealth Advisors LLC’s holdings in General Electric were worth $1,319,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its holdings in General Electric by 27.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 66,678 shares of the conglomerate’s stock worth $11,121,000 after buying an additional 14,331 shares during the last quarter. HighTower Advisors LLC raised its position in shares of General Electric by 3.4% during the 4th quarter. HighTower Advisors LLC now owns 452,517 shares of the conglomerate’s stock worth $75,475,000 after acquiring an additional 14,769 shares in the last quarter. Wealth High Governance Capital Ltda purchased a new stake in General Electric during the fourth quarter worth approximately $10,344,000. Glaxis Capital Management LLC purchased a new stake in General Electric during the fourth quarter worth approximately $2,402,000. Finally, Moors & Cabot Inc. lifted its stake in General Electric by 0.6% during the fourth quarter. Moors & Cabot Inc. now owns 15,731 shares of the conglomerate’s stock worth $2,624,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GE. UBS Group boosted their target price on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Citigroup boosted their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. JPMorgan Chase & Co. boosted their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. 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 note on Monday, January 27th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Price Performance

General Electric stock opened at $195.21 on Thursday. General Electric has a 12 month low of $131.91 and a 12 month high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The business has a 50 day simple moving average of $194.56 and a 200-day simple moving average of $183.58. The stock has a market capitalization of $209.52 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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%. Equities analysts predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

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

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.