Orion Portfolio Solutions LLC Has $8.14 Million Stake in General Electric (NYSE:GE)

Orion Portfolio Solutions LLC boosted its position in shares of General Electric (NYSE:GE) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,788 shares of the conglomerate’s stock after purchasing an additional 1,755 shares during the period. Orion Portfolio Solutions LLC’s holdings in General Electric were worth $8,137,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC grew its holdings in shares of General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock valued at $25,000 after buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in General Electric during the 4th quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new position in General Electric during the 4th quarter valued at about $29,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Electric in the 4th quarter valued at about $29,000. Finally, Picton Mahoney Asset Management lifted its position in shares of General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 68 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Stock Down 3.0 %

GE stock opened at $199.66 on Friday. The stock has a market capitalization of $214.29 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a 50-day moving average of $201.52 and a two-hundred day moving average of $186.36. General Electric has a 52-week low of $133.99 and a 52-week high of $214.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is 24.04%.

Analysts Set New Price Targets

Several research firms have weighed in on GE. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company upped their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Bank of America lifted 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. UBS Group upped their target price on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

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.