Southland Equity Partners LLC Acquires New Holdings in General Electric (NYSE:GE)

Southland Equity Partners LLC bought a new position in shares of General Electric (NYSE:GE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,317 shares of the conglomerate’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently bought and sold shares of GE. Toth Financial Advisory Corp bought a new stake in General Electric in the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric in the third quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in General Electric during the third quarter worth $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in General Electric in the fourth quarter valued at $29,000. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on GE shares. JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday. Sanford C. Bernstein raised their price target on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. UBS Group upped their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.80.

Insider Activity at General Electric

In other 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred 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 in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

General Electric Price Performance

Shares of NYSE GE opened at $196.81 on Friday. The firm has a market cap of $213.00 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The business’s 50 day moving average is $174.93 and its 200-day moving average is $174.77. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a 1-year low of $103.75 and a 1-year high of $207.65.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. Equities research analysts predict that General Electric will post 4.23 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. General Electric’s dividend payout ratio is presently 19.68%.

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.