Union Savings Bank Increases Position in General Electric (NYSE:GE)

Union Savings Bank boosted its position in General Electric (NYSE:GE) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 897 shares of the conglomerate’s stock after acquiring an additional 154 shares during the quarter. Union Savings Bank’s holdings in General Electric were worth $114,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Halpern Financial Inc. grew its stake in shares of General Electric by 968.4% during the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after buying an additional 184 shares during the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of General Electric during the fourth quarter worth about $27,000. CGC Financial Services LLC boosted its holdings in shares of General Electric by 90.2% during the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 110 shares during the period. Capital Analysts LLC boosted its holdings in shares of 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 during the period. Finally, Bfsg LLC purchased a new stake in shares of General Electric during the fourth quarter worth about $32,000. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 2.1 %

Shares of GE traded up $3.36 during mid-day trading on Thursday, hitting $164.17. The company’s stock had a trading volume of 2,272,986 shares, compared to its average volume of 7,565,755. The firm has a market capitalization of $179.70 billion, a price-to-earnings ratio of 53.34, a PEG ratio of 1.78 and a beta of 1.25. The company’s 50-day moving average is $162.43 and its 200-day moving average is $143.06. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. General Electric has a 52-week low of $79.76 and a 52-week high of $170.80.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. On average, equities research analysts forecast that General Electric will post 3.98 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is 36.72%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GE shares. UBS Group increased their target price on shares of General Electric from $191.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company raised their price objective on shares of General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and lifted their price target for the stock from $175.00 to $180.00 in a research note on Tuesday, April 9th. Bank of America lifted their target price on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, StockNews.com began coverage on shares of General Electric in a research note on Monday, April 29th. They set a “hold” rating on the stock. Two investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.00.

General Electric Company 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.