Chung Wu Investment Group LLC Makes New Investment in General Electric (NYSE:GE)

Chung Wu Investment Group LLC bought a new position in General Electric (NYSE:GE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,765 shares of the conglomerate’s stock, valued at approximately $795,000. General Electric comprises about 0.8% of Chung Wu Investment Group LLC’s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of GE. Valley Wealth Managers Inc. acquired a new position in General Electric during the third quarter valued at approximately $25,000. Hager Investment Management Services LLC bought a new stake in shares of General Electric during the 4th quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in General Electric in the 3rd quarter valued at $28,000. Sugar Maple Asset Management LLC bought a new position in General Electric in the 4th quarter worth $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in General Electric during the 3rd quarter worth $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Price Performance

GE opened at $202.61 on Thursday. The stock has a market cap of $217.46 billion, a P/E ratio of 33.83, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a 12 month low of $126.78 and a 12 month high of $212.19. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $192.06 and a 200 day simple moving average of $182.77.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 24.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. UBS Group raised their price target on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company increased 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. boosted their price objective 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, Northcoast Research initiated coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Electric has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

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.