Mitchell Mcleod Pugh & Williams Inc. Has $1.08 Million Holdings in General Electric (NYSE:GE)

Mitchell Mcleod Pugh & Williams Inc. increased its stake in General Electric (NYSE:GE) by 2.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,472 shares of the conglomerate’s stock after purchasing an additional 173 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in General Electric were worth $1,079,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Zhang Financial LLC bought a new stake in shares of General Electric in the 4th quarter valued at about $295,000. Purus Wealth Management LLC increased its holdings in shares of General Electric by 4.6% in the fourth quarter. Purus Wealth Management LLC now owns 3,136 shares of the conglomerate’s stock valued at $523,000 after purchasing an additional 137 shares during the last quarter. BigSur Wealth Management LLC raised its position in shares of General Electric by 14.9% in the fourth quarter. BigSur Wealth Management LLC now owns 15,387 shares of the conglomerate’s stock valued at $2,571,000 after purchasing an additional 2,000 shares during the period. Ervin Investment Management LLC lifted its stake in shares of General Electric by 25.1% during the 4th quarter. Ervin Investment Management LLC now owns 3,709 shares of the conglomerate’s stock worth $619,000 after buying an additional 745 shares during the last quarter. Finally, True Link Financial Advisors LLC boosted its holdings in shares of General Electric by 12.2% during the 4th quarter. True Link Financial Advisors LLC now owns 2,470 shares of the conglomerate’s stock worth $412,000 after buying an additional 268 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Trading Up 1.7 %

Shares of General Electric stock opened at $182.83 on Monday. The firm’s 50 day moving average is $174.33 and its 200 day moving average is $174.08. The firm has a market capitalization of $197.87 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. General Electric has a 1 year low of $101.16 and a 1 year high of $194.80. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last posted its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Equities research analysts forecast that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. General Electric’s payout ratio is presently 19.68%.

Analyst Ratings Changes

GE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft decreased their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Citigroup lifted their target price on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Sanford C. Bernstein raised their price target on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company increased their target price on shares of General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, UBS Group boosted their price target on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, General Electric has a consensus rating of “Moderate Buy” and an average target price of $201.47.

Insider Buying and Selling at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

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.