Exencial Wealth Advisors LLC Trims Stake in General Electric (NYSE:GE)

Exencial Wealth Advisors LLC reduced its position in General Electric (NYSE:GE) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,593 shares of the conglomerate’s stock after selling 294 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in General Electric were worth $433,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI raised its position in General Electric by 9.4% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 81,690 shares of the conglomerate’s stock worth $13,625,000 after purchasing an additional 7,052 shares during the period. Synergy Investment Management LLC purchased a new stake in General Electric in the 4th quarter worth about $53,000. Charles Schwab Investment Management Inc. raised its position in General Electric by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,732,817 shares of the conglomerate’s stock worth $1,122,966,000 after purchasing an additional 202,233 shares during the period. Bedel Financial Consulting Inc. raised its position in General Electric by 4.2% in the 4th quarter. Bedel Financial Consulting Inc. now owns 1,494 shares of the conglomerate’s stock worth $249,000 after purchasing an additional 60 shares during the period. Finally, Tiff Advisory Services LLC bought a new position in General Electric in the 4th quarter worth about $2,513,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Trading Up 1.9 %

NYSE:GE opened at $202.61 on Thursday. General Electric has a 52 week low of $126.78 and a 52 week high of $212.19. The firm has a 50 day moving average of $192.06 and a 200 day moving average of $182.77. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $217.46 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. General Electric’s dividend payout ratio is presently 24.04%.

Analyst Ratings Changes

A number of brokerages have commented on GE. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company upped their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Finally, Bank of America upped their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average price target of $211.31.

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.