Andrew Hill Investment Advisors Inc. Buys Shares of 20,076 General Electric (NYSE:GE)

Andrew Hill Investment Advisors Inc. purchased a new stake in General Electric (NYSE:GE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,076 shares of the conglomerate's stock, valued at approximately $2,562,000. General Electric comprises approximately 2.7% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 17th largest position.

Several other large investors have also modified their holdings of the business. Atlas Brown Inc. increased its stake in General Electric by 1.0% in the 4th quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate's stock valued at $1,062,000 after purchasing an additional 85 shares in the last quarter. Capital Analysts LLC increased its stake in 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 in the last quarter. Creative Financial Designs Inc. ADV increased its stake in General Electric by 9.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the conglomerate's stock valued at $131,000 after purchasing an additional 91 shares in the last quarter. Ballast Advisors LLC increased its stake in General Electric by 4.8% in the 4th quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate's stock valued at $254,000 after purchasing an additional 91 shares in the last quarter. Finally, King Wealth increased its stake in General Electric by 3.2% in the 3rd quarter. King Wealth now owns 2,988 shares of the conglomerate's stock valued at $330,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Stock Down 3.2 %

Shares of NYSE GE traded down $4.85 on Friday, hitting $148.09. The company had a trading volume of 9,564,571 shares, compared to its average volume of 8,004,441. General Electric has a 12-month low of $76.87 and a 12-month high of $158.68. The business has a 50 day moving average of $159.32 and a two-hundred day moving average of $134.37. 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 firm has a market capitalization of $161.90 billion, a P/E ratio of 17.69, a PEG ratio of 3.05 and a beta of 1.29.

General Electric (NYSE:GE - Get Free Report) last released its quarterly 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. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The business had revenue of $19.42 billion for the quarter, compared to analysts' expectations of $17.27 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The company's revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts forecast that General Electric will post 3.78 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company 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 annualized dividend and a yield of 0.76%. This is a boost from General Electric's previous quarterly dividend of $0.08. General Electric's dividend payout ratio is presently 13.38%.

Analyst Ratings Changes

GE has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on 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 General Electric from a "c+" rating to a "b+" rating in a research report on Tuesday, January 23rd. Royal Bank of Canada dropped their price target 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. Deutsche Bank Aktiengesellschaft dropped their price target 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. Finally, Bank of America lowered their price objective on General Electric from $175.00 to $165.00 and set a "buy" rating for the company in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $160.07.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the company's stock in a transaction that occurred on 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 sale, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other General Electric 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 transaction of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value 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 disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

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.