General Electric (NYSE:GE) Stock Holdings Reduced by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lessened its stake in shares of General Electric (NYSE:GE) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,395 shares of the conglomerate’s stock after selling 75 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in General Electric were worth $2,734,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Manchester Capital Management LLC raised its position in shares of General Electric by 39.3% in the fourth quarter. Manchester Capital Management LLC now owns 1,153 shares of the conglomerate’s stock valued at $192,000 after purchasing an additional 325 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in General Electric by 9.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,528 shares of the conglomerate’s stock valued at $422,000 after buying an additional 223 shares during the last quarter. Spinnaker Trust raised its holdings in General Electric by 0.8% in the 4th quarter. Spinnaker Trust now owns 8,267 shares of the conglomerate’s stock worth $1,379,000 after acquiring an additional 62 shares during the period. WASHINGTON TRUST Co boosted its holdings in General Electric by 1.2% during the fourth quarter. WASHINGTON TRUST Co now owns 6,053 shares of the conglomerate’s stock valued at $1,010,000 after acquiring an additional 70 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in General Electric by 10.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 19,595 shares of the conglomerate’s stock valued at $3,268,000 after acquiring an additional 1,836 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction on 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 directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

General Electric Price Performance

GE opened at $208.62 on Friday. General Electric has a one year low of $117.43 and a one year high of $211.42. 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 company’s 50 day simple moving average is $182.00 and its 200-day simple moving average is $178.98. The stock has a market capitalization of $223.91 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (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%. Sell-side analysts anticipate that General Electric will post 5.39 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. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. 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 0.69%. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GE shares. JPMorgan Chase & Co. upped their price target on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Citigroup upped 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. Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company increased their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from 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.