General Electric (NYSE:GE) Shares Sold by Continuum Wealth Advisors LLC

Continuum Wealth Advisors LLC reduced its stake in General Electric (NYSE:GE) by 41.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,417 shares of the conglomerate’s stock after selling 1,701 shares during the period. Continuum Wealth Advisors LLC’s holdings in General Electric were worth $403,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new stake in shares of General Electric during the third quarter valued at approximately $25,000. Hager Investment Management Services LLC bought a new stake in shares of General Electric during the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in General Electric during the third quarter worth approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in General Electric during the fourth quarter worth approximately $29,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in General Electric during the third quarter worth approximately $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Redburn Atlantic began coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. Three 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Trading Down 0.6 %

Shares of NYSE:GE opened at $198.68 on Tuesday. The stock has a market capitalization of $213.24 billion, a PE ratio of 33.17, a P/E/G ratio of 2.59 and a beta of 1.21. General Electric has a 1 year low of $122.48 and a 1 year high of $212.19. The firm has a fifty day moving average price of $187.23 and a 200 day moving average price of $181.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. Analysts expect that General Electric will post 5.4 EPS 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. Shareholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. General Electric’s payout ratio is currently 24.04%.

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.