General Electric (NYSE:GE) Shares Purchased by Telos Capital Management Inc.

Telos Capital Management Inc. lifted its position in General Electric (NYSE:GE) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,847 shares of the conglomerate’s stock after purchasing an additional 244 shares during the quarter. Telos Capital Management Inc.’s holdings in General Electric were worth $491,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GE. Moneta Group Investment Advisors LLC boosted its position in shares of General Electric by 122,242.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,438,063 shares of the conglomerate’s stock valued at $878,644,000 after purchasing an additional 13,427,079 shares during the period. Norges Bank purchased a new stake in General Electric during the 4th quarter valued at approximately $635,274,000. State Street Corp raised its stake in General Electric by 17.3% during the 1st quarter. State Street Corp now owns 48,490,012 shares of the conglomerate’s stock valued at $4,639,533,000 after acquiring an additional 7,157,356 shares during the last quarter. WCM Investment Management LLC purchased a new stake in General Electric during the 4th quarter valued at approximately $520,488,000. Finally, Brown Advisory Inc. raised its stake in General Electric by 265.7% during the 3rd quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate’s stock valued at $332,581,000 after acquiring an additional 2,185,793 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction on Friday, February 2nd. The stock was 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 owns 48,339 shares in the company, valued at approximately $6,552,351.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the 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 sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction 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 sale, the senior vice president now owns 48,339 shares in the company, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

General Electric Stock Performance

NYSE GE opened at $155.67 on Thursday. General Electric has a 1-year low of $76.87 and a 1-year high of $158.68. The company has a market capitalization of $170.19 billion, a P/E ratio of 18.60, a PEG ratio of 3.07 and a beta of 1.29. The business has a 50 day moving average price of $158.87 and a 200 day moving average price of $133.96. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same period last year, the business posted $1.24 EPS. General Electric’s quarterly revenue was up 15.4% on a year-over-year basis. Sell-side analysts expect that General Electric will post 3.78 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be paid a $0.28 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, April 12th. General Electric’s dividend payout ratio (DPR) is presently 13.38%.

Analyst Ratings Changes

GE has been the subject of several analyst reports. Jefferies Financial Group reduced their price objective on General Electric from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Bank of America reduced their price objective on General Electric from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Finally, StockNews.com initiated coverage on General Electric in a research note on Saturday, April 13th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

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.