Fidelis Capital Partners LLC Has $356,000 Holdings in General Electric (NYSE:GE)

Fidelis Capital Partners LLC grew its holdings in General Electric (NYSE:GE) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,790 shares of the conglomerate’s stock after purchasing an additional 322 shares during the period. Fidelis Capital Partners LLC’s holdings in General Electric were worth $356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Halpern Financial Inc. grew its stake in shares of General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after buying an additional 184 shares in the last quarter. CGC Financial Services LLC grew its stake in shares of General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after buying an additional 110 shares in the last quarter. Capital Analysts LLC grew its stake in shares of General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after buying an additional 87 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its position in General Electric by 808.1% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 299 shares during the period. Finally, Financial Freedom LLC bought a new position in General Electric during the fourth quarter worth $32,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction 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 $6,552,351.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction that occurred on 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 directly 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. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of a number of research analyst reports. Bank of America reduced their price objective on shares of General Electric from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, April 8th. JPMorgan Chase & Co. reduced their price objective on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Barclays reduced their price objective on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada reduced their target price on shares of 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 equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $160.07.

General Electric Stock Down 3.2 %

GE stock opened at $148.09 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69. The company has a market cap of $161.90 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 3.00 and a beta of 1.29. General Electric has a 52 week low of $76.87 and a 52 week high of $158.68. The business has a 50-day simple moving average of $159.32 and a 200 day simple moving average of $134.37.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, topping the consensus estimate of $0.90 by $0.13. The firm had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Sell-side analysts anticipate that General Electric will post 3.78 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced 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. This is an increase from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 0.76%. General Electric’s payout ratio is presently 13.38%.

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.