General Electric (NYSE:GE) Stock Holdings Lowered by Members Trust Co

Members Trust Co lowered its position in shares of General Electric (NYSE:GE) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,674 shares of the conglomerate’s stock after selling 254 shares during the period. Members Trust Co’s holdings in General Electric were worth $446,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Creative Planning grew its position in General Electric by 9.0% in the 3rd quarter. Creative Planning now owns 196,581 shares of the conglomerate’s stock valued at $37,071,000 after buying an additional 16,258 shares in the last quarter. Vontobel Holding Ltd. grew its position in General Electric by 5.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 15,664 shares of the conglomerate’s stock valued at $2,954,000 after buying an additional 815 shares in the last quarter. B.O.S.S. Retirement Advisors LLC bought a new position in General Electric in the 3rd quarter valued at about $224,000. Naviter Wealth LLC bought a new position in General Electric in the 3rd quarter valued at about $213,000. Finally, Global Retirement Partners LLC grew its position in General Electric by 9.1% in the 3rd quarter. Global Retirement Partners LLC now owns 20,574 shares of the conglomerate’s stock valued at $3,880,000 after buying an additional 1,715 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GE. JPMorgan Chase & Co. increased their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Melius Research raised their price objective on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Citigroup raised their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company raised their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.73.

General Electric Price Performance

NYSE GE opened at $208.62 on Friday. The company has a 50 day simple moving average of $182.00 and a 200-day simple moving average of $178.98. 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 market capitalization of $223.91 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. General Electric has a 52-week low of $117.43 and a 52-week high of $211.42.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 18.70%.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the firm’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 transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by insiders.

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.