General Electric (NYSE:GE) Shares Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. lifted its position in General Electric (NYSE:GE) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,489 shares of the conglomerate’s stock after purchasing an additional 801 shares during the period. Flputnam Investment Management Co.’s holdings in General Electric were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GE. Capital Analysts LLC boosted its position in General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Keel Point LLC raised its stake in shares of General Electric by 9.3% during the 4th quarter. Keel Point LLC now owns 2,810 shares of the conglomerate’s stock worth $359,000 after buying an additional 239 shares during the period. Ballast Advisors LLC lifted its position in shares of General Electric by 4.8% during the 4th quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate’s stock valued at $254,000 after buying an additional 91 shares in the last quarter. Cullen Investment Group LTD. acquired a new stake in General Electric in the 4th quarter valued at $607,000. Finally, Waldron Private Wealth LLC increased its holdings in General Electric by 8.5% in the 4th quarter. Waldron Private Wealth LLC now owns 6,975 shares of the conglomerate’s stock worth $890,000 after acquiring an additional 545 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Trading Up 2.0 %

Shares of General Electric stock opened at $156.76 on Wednesday. The stock has a 50 day moving average of $158.53 and a 200 day moving average of $133.81. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The firm has a market capitalization of $171.38 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.01 and a beta of 1.29. General Electric has a fifty-two week low of $76.38 and a fifty-two week high of $158.68.

General Electric (NYSE:GE) last posted its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The company had revenue of $19.42 billion for the quarter, compared to analysts’ expectations of $17.27 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. General Electric’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, research analysts predict that General Electric will post 3.78 earnings per share for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be given a dividend of $0.28 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, April 12th. General Electric’s dividend payout ratio (DPR) is currently 13.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GE shares. Vertical Research initiated coverage on shares of General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 price objective on the stock. TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Wells Fargo & Company reduced their target price on General Electric from $200.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Bank of America lowered their price target on General Electric from $175.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Finally, The Goldman Sachs Group started coverage on General Electric in a research note on Tuesday, April 9th. They issued a “buy” rating and a $190.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, General Electric has an average rating of “Moderate Buy” and an average target price of $160.07.

Insider Activity

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

About General Electric

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.