Integrated Advisors Network LLC Acquires 70 Shares of General Electric (NYSE:GE)

Integrated Advisors Network LLC boosted its holdings in shares of General Electric (NYSE:GE) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,862 shares of the conglomerate’s stock after purchasing an additional 70 shares during the quarter. Integrated Advisors Network LLC’s holdings in General Electric were worth $1,105,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Studio Investment Management LLC boosted its stake in General Electric by 97.5% during the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares during the period. Toth Financial Advisory Corp bought a new stake in General Electric during the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in General Electric during the 3rd quarter valued at approximately $27,000. MFA Wealth Advisors LLC acquired a new position in General Electric in the 2nd quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new position in General Electric in the 2nd quarter valued at approximately $32,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada cut their price target on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. UBS Group upped their price target on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup upped their price target on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and a consensus price target of $200.93.

General Electric Trading Up 0.4 %

GE stock opened at $174.70 on Thursday. The business has a fifty day moving average price of $180.14 and a 200 day moving average price of $168.87. General Electric has a fifty-two week low of $84.66 and a fifty-two week high of $194.80. The stock has a market capitalization of $189.08 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 1.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same period last year, the firm posted $0.82 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Analysts expect that General Electric will post 4.2 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.64%. General Electric’s payout ratio is 19.68%.

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.