1,362 Shares in General Electric (NYSE:GE) Bought by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC purchased a new stake in shares of General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,362 shares of the conglomerate’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new position in shares of General Electric during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in General Electric during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of General Electric during the third quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new stake in shares of General Electric in the 3rd quarter worth approximately $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric during the 3rd quarter valued at $30,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Trading Up 0.4 %

NYSE:GE opened at $209.71 on Thursday. The company has a 50-day moving average price of $180.75 and a 200-day moving average price of $178.56. The stock has a market cap of $225.08 billion, a price-to-earnings ratio of 35.01, a P/E/G ratio of 2.56 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 12 month low of $110.95 and a 12 month high of $211.42.

General Electric (NYSE:GE) last issued its quarterly earnings data 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 net margin of 14.31% and a return on equity of 22.19%. Equities analysts predict that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were paid a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.53%. General Electric’s payout ratio is 18.70%.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Wells Fargo & Company lifted their price target on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

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.