Signature Estate & Investment Advisors LLC Purchases 893 Shares of General Electric (NYSE:GE)

Signature Estate & Investment Advisors LLC grew its holdings in shares of General Electric (NYSE:GE) by 21.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,070 shares of the conglomerate’s stock after buying an additional 893 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in General Electric were worth $846,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hager Investment Management Services LLC purchased a new position in General Electric in the 4th quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new position in shares of General Electric in the fourth quarter worth $29,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Electric in the fourth quarter valued at $29,000. RPg Family Wealth Advisory LLC bought a new stake in shares of General Electric during the 3rd quarter valued at $30,000. Finally, Picton Mahoney Asset Management lifted its holdings in General Electric by 62.4% during the 4th 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. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Redburn Atlantic initiated coverage on General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Bank of America upped 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. Wells Fargo & Company raised their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. JPMorgan Chase & Co. upped their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Up 0.9 %

GE stock opened at $212.18 on Wednesday. The company has a market capitalization of $227.73 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. 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 one year low of $133.99 and a one year high of $212.76. The company’s 50 day moving average price is $200.12 and its two-hundred day moving average price is $185.83.

General Electric (NYSE:GE) last issued its 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%. As a group, analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared 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. This represents a $1.44 annualized dividend and a yield of 0.68%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric’s dividend payout ratio (DPR) is presently 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.