PSI Advisors LLC Sells 124 Shares of General Electric (NYSE:GE)

PSI Advisors LLC reduced its position in General Electric (NYSE:GE) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 763 shares of the conglomerate’s stock after selling 124 shares during the period. PSI Advisors LLC’s holdings in General Electric were worth $127,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in shares of General Electric during the third quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in General Electric during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric during the 3rd quarter valued at about $27,000. Peterson Financial Group Inc. bought a new stake in General Electric during the 3rd quarter worth approximately $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric in the third quarter worth approximately $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of several recent research reports. Bank of America upped their price target on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. UBS Group upped their target price on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Wells Fargo & Company upped their price objective on shares of General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Melius Research lifted their target price on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.47.

Insider Buying and Selling at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

General Electric Stock Down 0.1 %

GE stock opened at $171.48 on Tuesday. The stock has a fifty day moving average of $174.34 and a 200-day moving average of $173.62. General Electric has a fifty-two week low of $100.95 and a fifty-two week high of $194.80. The company has a market capitalization of $185.59 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts predict that General Electric will post 4.24 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. General Electric’s dividend payout ratio is 19.68%.

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.