Xponance Inc. Increases Position in General Electric (NYSE:GE)

Xponance Inc. raised its holdings in General Electric (NYSE:GE - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,991 shares of the conglomerate's stock after acquiring an additional 8,133 shares during the quarter. Xponance Inc.'s holdings in General Electric were worth $19,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of GE. Halpern Financial Inc. lifted its stake in General Electric by 968.4% during 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 increased its holdings in shares of General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 110 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 purchasing an additional 87 shares during the period. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of General Electric by 808.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 299 shares during the period. Finally, Financial Freedom LLC acquired a new position in shares of General Electric in the 4th quarter valued at about $32,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Electric

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

General Electric Stock Performance

Shares of General Electric stock traded down $2.72 during midday trading on Thursday, hitting $152.95. The company had a trading volume of 6,185,017 shares, compared to its average volume of 7,983,614. The business's 50 day simple moving average is $159.15 and its two-hundred day simple moving average is $134.10. The stock has a market cap of $167.22 billion, a PE ratio of 18.27, a P/E/G ratio of 3.07 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85. General Electric has a 1-year low of $76.87 and a 1-year high of $158.68.

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

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be paid a $0.28 dividend. This is an increase from General Electric's previous quarterly dividend of $0.08. The ex-dividend date is Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. General Electric's dividend payout ratio (DPR) is presently 13.38%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GE shares. Bank of America dropped their target price on General Electric from $175.00 to $165.00 and set a "buy" rating on the stock in a report on Monday, April 8th. TD Cowen upgraded General Electric from a "hold" rating to a "buy" rating and upped their target price for the company from $175.00 to $180.00 in a report on Tuesday, April 9th. Royal Bank of Canada dropped their target price on General Electric from $180.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, April 4th. Vertical Research began coverage on General Electric in a report on Thursday, April 4th. They issued a "buy" rating and a $160.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on General Electric in a report on Tuesday, April 9th. They issued a "buy" rating and a $190.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $160.07.

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.