Fractal Investments LLC Acquires Shares of 1,600 General Electric (NYSE:GE)

Fractal Investments LLC acquired a new stake in shares of General Electric (NYSE:GE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,600 shares of the conglomerate’s stock, valued at approximately $204,000.

A number of other institutional investors have also added to or reduced their stakes in GE. Wedge Capital Management L L P NC purchased a new position in shares of General Electric in the third quarter valued at $224,000. Summit Global Investments purchased a new position in shares of General Electric in the third quarter valued at $218,000. RFG Advisory LLC grew its holdings in shares of General Electric by 9.6% in the third quarter. RFG Advisory LLC now owns 3,197 shares of the conglomerate’s stock valued at $353,000 after purchasing an additional 280 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in shares of General Electric by 6.9% in the third quarter. DAVENPORT & Co LLC now owns 26,440 shares of the conglomerate’s stock valued at $2,923,000 after purchasing an additional 1,706 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of General Electric by 25.8% in the third quarter. Avior Wealth Management LLC now owns 3,872 shares of the conglomerate’s stock valued at $428,000 after purchasing an additional 794 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Trading Down 2.1 %

GE traded down $3.43 on Wednesday, reaching $159.19. 10,294,622 shares of the company traded hands, compared to its average volume of 8,168,638. General Electric has a one year low of $76.87 and a one year high of $163.65. The firm has a fifty day simple moving average of $160.20 and a two-hundred day simple moving average of $135.55. The company has a market cap of $174.04 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.96 and a beta of 1.29. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The company had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts expect that General Electric will post 3.76 earnings per share for the current 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 given 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 dividend on an annualized basis and a yield of 0.70%. General Electric’s dividend payout ratio (DPR) is 13.38%.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GE. Bank of America raised their target price on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group reduced their target price on shares of General Electric from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. StockNews.com initiated coverage on shares of General Electric in a research note on Sunday. They set a “hold” rating for the company. Royal Bank of Canada upped their price target on shares of General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.29.

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.