Stratos Wealth Partners LTD. Has $3 Million Stock Position in General Electric (NYSE:GE)

Stratos Wealth Partners LTD. lessened its holdings in shares of General Electric (NYSE:GE) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,967 shares of the conglomerate’s stock after selling 1,343 shares during the period. Stratos Wealth Partners LTD.’s holdings in General Electric were worth $2,997,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of GE. Sargent Investment Group LLC grew its holdings in General Electric by 6.6% during the 4th quarter. Sargent Investment Group LLC now owns 15,588 shares of the conglomerate’s stock worth $2,674,000 after acquiring an additional 961 shares during the period. Old North State Wealth Management LLC increased its holdings in General Electric by 3.0% in the fourth quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate’s stock worth $331,000 after purchasing an additional 58 shares in the last quarter. 1858 Wealth Management LLC increased its holdings in General Electric by 19.8% in the fourth quarter. 1858 Wealth Management LLC now owns 9,268 shares of the conglomerate’s stock worth $1,546,000 after purchasing an additional 1,529 shares in the last quarter. Greenwood Capital Associates LLC lifted its stake in General Electric by 8.7% in the fourth quarter. Greenwood Capital Associates LLC now owns 27,752 shares of the conglomerate’s stock valued at $4,629,000 after buying an additional 2,210 shares during the period. Finally, James J. Burns & Company LLC boosted its holdings in shares of General Electric by 65.6% during the 4th quarter. James J. Burns & Company LLC now owns 1,846 shares of the conglomerate’s stock worth $308,000 after buying an additional 731 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value 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. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.66% of the company’s stock.

General Electric Stock Performance

Shares of GE stock opened at $205.32 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a 50-day moving average of $179.22 and a 200-day moving average of $177.55. General Electric has a one year low of $110.57 and a one year high of $207.84. The company has a market cap of $220.37 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.53 and a beta of 1.22.

General Electric (NYSE:GE) last posted its quarterly earnings data 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 net margin of 14.31% and a return on equity of 22.19%. Equities research analysts forecast that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. General Electric’s dividend payout ratio (DPR) is currently 18.70%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GE shares. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. Sanford C. Bernstein increased their price objective on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. increased their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Bank of America upped their price target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Melius Research raised their price objective on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

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.