RWA Wealth Partners LLC Raises Position in General Electric (NYSE:GE)

RWA Wealth Partners LLC grew its position in General Electric (NYSE:GE) by 466.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,933 shares of the conglomerate’s stock after buying an additional 19,710 shares during the period. RWA Wealth Partners LLC’s holdings in General Electric were worth $3,055,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Halpern Financial Inc. boosted its position in shares of General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 184 shares during the period. Criterion Capital Advisors LLC purchased a new position in shares of General Electric in the fourth quarter worth $27,000. CGC Financial Services LLC lifted its holdings in shares of General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after buying an additional 110 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Finally, Macroview Investment Management LLC lifted its holdings in shares of General Electric by 43.4% in the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock worth $35,000 after buying an additional 96 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Michael J. Holston sold 13,601 shares of the business’s 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 completion of the sale, 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 legal filing with the SEC, which is available through this hyperlink. 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 sale, the senior vice president now directly 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. Company insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the topic of a number of recent research reports. Bank of America decreased their price target on shares of General Electric from $175.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. StockNews.com began coverage on shares of General Electric in a research note on Sunday. They set a “hold” rating on the stock. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. TD Cowen raised shares of General Electric from a “hold” rating to a “buy” rating and increased their target price for the company from $175.00 to $180.00 in a research note on Tuesday, April 9th. Finally, Wells Fargo & Company reduced their target price on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. 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, the company presently has an average rating of “Moderate Buy” and an average price target of $160.07.

General Electric Stock Up 8.3 %

GE stock opened at $162.62 on Wednesday. The firm has a 50 day moving average of $159.94 and a 200 day moving average of $135.39. The stock has a market capitalization of $177.79 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.96 and a beta of 1.29. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69. General Electric has a 52 week low of $76.87 and a 52 week high of $163.65.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same period in the previous year, the business posted $0.27 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts forecast that General Electric will post 3.76 earnings per share for the current year.

General Electric Increases Dividend

The company also recently announced 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 a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, April 12th. General Electric’s payout ratio is currently 13.38%.

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.