General Electric (NYSE:GE) Shares Sold by Darwin Wealth Management LLC

Darwin Wealth Management LLC cut its holdings in General Electric (NYSE:GE) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,250 shares of the conglomerate’s stock after selling 328 shares during the period. Darwin Wealth Management LLC’s holdings in General Electric were worth $415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GE. Halpern Financial Inc. grew its position in shares of General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after buying an additional 184 shares during the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of General Electric during the fourth quarter worth about $27,000. CGC Financial Services LLC increased its position in shares of General Electric by 90.2% during the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Capital Analysts LLC lifted 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 last quarter. Finally, Bfsg LLC acquired a new stake in shares of General Electric in the 4th quarter valued at about $32,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. TD Cowen raised General Electric from a “hold” rating to a “buy” rating and lifted their price target for the stock from $175.00 to $180.00 in a research report on Tuesday, April 9th. Argus upped their price target on shares of General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their price target on shares of General Electric from $190.00 to $211.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Oppenheimer restated a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Finally, Citigroup increased their target price on shares of General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $172.29.

General Electric Price Performance

NYSE:GE traded down $1.36 during trading hours on Thursday, hitting $167.50. The company’s stock had a trading volume of 4,902,984 shares, compared to its average volume of 7,805,056. General Electric has a 52-week low of $78.17 and a 52-week high of $170.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. The business’s 50-day moving average is $162.76 and its two-hundred day moving average is $139.38. The company has a market capitalization of $183.35 billion, a PE ratio of 54.92, a PEG ratio of 2.92 and a beta of 1.25.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. As a group, research analysts anticipate that General Electric will post 3.96 EPS for the current fiscal year.

General Electric Increases Dividend

The company 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. The ex-dividend date was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio is currently 36.72%.

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.