General Electric (NYSE:GE) Shares Bought by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA grew its stake in General Electric (NYSE:GE) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,326 shares of the conglomerate’s stock after buying an additional 1,449 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in General Electric were worth $3,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. WCM Investment Management LLC purchased a new stake in shares of General Electric in the fourth quarter valued at approximately $520,488,000. International Assets Investment Management LLC raised its stake in shares of General Electric by 11,947.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock valued at $201,218,000 after acquiring an additional 1,563,484 shares in the last quarter. Carmignac Gestion purchased a new position in General Electric in the third quarter valued at $133,581,000. AQR Capital Management LLC grew its holdings in shares of General Electric by 358.4% during the third quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock worth $161,035,000 after purchasing an additional 1,138,896 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of General Electric by 30.5% during the third quarter. Barclays PLC now owns 2,990,039 shares of the conglomerate’s stock worth $330,548,000 after purchasing an additional 699,585 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Price Performance

Shares of General Electric stock traded down $3.45 during trading on Friday, hitting $164.05. 2,737,808 shares of the company were exchanged, compared to its average volume of 7,747,511. The stock has a market capitalization of $179.57 billion, a price-to-earnings ratio of 53.91, a P/E/G ratio of 2.92 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. General Electric has a fifty-two week low of $78.17 and a fifty-two week high of $170.80. The firm has a 50 day moving average price of $162.97 and a 200 day moving average price of $139.57.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same period in the previous year, the company earned $0.27 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts expect that General Electric will post 3.96 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a $0.28 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, April 12th. General Electric’s dividend payout ratio is currently 36.72%.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were 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 directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GE. Royal Bank of Canada raised their price target on General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Jefferies Financial Group raised their price target on General Electric from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Vertical Research assumed coverage on General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Finally, Bank of America raised their price objective on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.29.

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.