General Electric (NYSE:GE) Shares Sold by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. lessened its holdings in General Electric (NYSE:GE) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,328 shares of the conglomerate’s stock after selling 73 shares during the period. Aurora Private Wealth Inc.’s holdings in General Electric were worth $221,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Toth Financial Advisory Corp acquired a new stake in General Electric in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in General Electric during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric during the 3rd quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new position in General Electric during the 3rd quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC purchased a new position in General Electric during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on GE shares. Northcoast Research started coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Citigroup lifted their target price on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average target price of $205.80.

Insiders Place Their Bets

In other news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction on Monday, November 18th. The stock was 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 in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

General Electric Trading Down 2.0 %

Shares of NYSE GE opened at $196.81 on Monday. The stock’s 50 day moving average price is $175.33 and its two-hundred day moving average price is $175.15. General Electric has a 52-week low of $103.75 and a 52-week high of $207.65. The stock has a market capitalization of $213.00 billion, a P/E ratio of 34.59, a PEG ratio of 1.53 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. On average, analysts anticipate that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given 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 0.57%. General Electric’s dividend payout ratio (DPR) is 19.68%.

About General Electric

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.