EntryPoint Capital LLC Grows Stock Position in General Electric (NYSE:GE)

EntryPoint Capital LLC boosted its holdings in General Electric (NYSE:GE) by 138.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,691 shares of the conglomerate’s stock after buying an additional 1,563 shares during the period. EntryPoint Capital LLC’s holdings in General Electric were worth $449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Douglass Winthrop Advisors LLC increased its stake in General Electric by 50.1% during the third quarter. Douglass Winthrop Advisors LLC now owns 4,989 shares of the conglomerate’s stock worth $941,000 after acquiring an additional 1,665 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in General Electric during the 3rd quarter worth approximately $618,000. Independent Advisor Alliance raised its holdings in General Electric by 23.2% in the third quarter. Independent Advisor Alliance now owns 22,943 shares of the conglomerate’s stock valued at $4,326,000 after buying an additional 4,320 shares during the period. Truvestments Capital LLC acquired a new position in General Electric during the third quarter valued at approximately $35,000. Finally, Private Trust Co. NA grew its stake in General Electric by 21.4% during the third quarter. Private Trust Co. NA now owns 5,586 shares of the conglomerate’s stock worth $1,053,000 after buying an additional 984 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 0.9 %

Shares of NYSE GE opened at $212.18 on Wednesday. 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’s 50 day moving average price is $200.12 and its two-hundred day moving average price is $185.83. General Electric has a 52-week low of $133.99 and a 52-week high of $212.76. The stock has a market capitalization of $227.73 billion, a P/E ratio of 35.42, a PEG ratio of 2.59 and a beta of 1.19.

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, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed 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 represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is currently 24.04%.

Analysts Set New Price Targets

GE has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Redburn Atlantic began coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. Finally, UBS Group lifted their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Company 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.