Octavia Wealth Advisors LLC Trims Stock Holdings in General Electric (NYSE:GE)

Octavia Wealth Advisors LLC trimmed its holdings in General Electric (NYSE:GE) by 7.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,848 shares of the conglomerate’s stock after selling 229 shares during the period. Octavia Wealth Advisors LLC’s holdings in General Electric were worth $364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Marino Stram & Associates LLC purchased a new position in shares of General Electric in the 4th quarter valued at $214,000. SVB Wealth LLC increased its holdings in shares of General Electric by 0.7% in the 4th quarter. SVB Wealth LLC now owns 19,823 shares of the conglomerate’s stock valued at $2,530,000 after acquiring an additional 147 shares during the period. Flputnam Investment Management Co. increased its holdings in shares of General Electric by 8.3% in the 4th quarter. Flputnam Investment Management Co. now owns 10,489 shares of the conglomerate’s stock valued at $1,339,000 after acquiring an additional 801 shares during the period. Capital Analysts LLC increased its holdings in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Finally, Keel Point LLC boosted its position in shares of General Electric by 9.3% in the 4th quarter. Keel Point LLC now owns 2,810 shares of the conglomerate’s stock worth $359,000 after purchasing an additional 239 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Performance

Shares of GE opened at $156.76 on Wednesday. The stock has a 50-day moving average of $158.53 and a two-hundred day moving average of $133.81. General Electric has a one year low of $76.38 and a one year high of $158.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The stock has a market cap of $171.38 billion, a P/E ratio of 18.73, a P/E/G ratio of 3.01 and a beta of 1.29.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The business had revenue of $19.42 billion during the quarter, compared to analyst estimates of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. As a group, research analysts predict that General Electric will post 3.78 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is presently 13.38%.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GE. Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. StockNews.com began coverage on General Electric in a research report on Saturday. They issued a “hold” rating for the company. Jefferies Financial Group lowered their price objective on General Electric from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada lowered their price objective on General Electric from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.07.

General Electric Profile

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.