General Electric (NYSE:GE) Shares Purchased by Americana Partners LLC

Americana Partners LLC lifted its stake in shares of General Electric (NYSE:GE) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,393 shares of the conglomerate’s stock after acquiring an additional 1,742 shares during the quarter. Americana Partners LLC’s holdings in General Electric were worth $7,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GE. Studio Investment Management LLC lifted its position in General Electric by 97.5% in the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares during the period. Toth Financial Advisory Corp purchased a new stake in General Electric during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric in the 3rd quarter worth about $27,000. MFA Wealth Advisors LLC acquired a new position in General Electric during the 2nd quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of General Electric during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 0.9 %

GE traded up $1.54 on Friday, hitting $173.32. The company had a trading volume of 1,376,741 shares, compared to its average volume of 6,316,646. General Electric has a 12-month low of $85.89 and a 12-month high of $194.80. The business’s fifty day simple moving average is $180.18 and its 200 day simple moving average is $168.89. The company has a market cap of $187.58 billion, a PE ratio of 30.76, a PEG ratio of 1.72 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same period last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts expect that General Electric will post 4.22 EPS for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. General Electric’s dividend payout ratio (DPR) is 19.68%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GE. Citigroup upped their price objective on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Royal Bank of Canada dropped their price objective on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.93.

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.