Market Street Wealth Management Advisors LLC Invests $301,000 in General Electric (NYSE:GE)

Market Street Wealth Management Advisors LLC bought a new stake in General Electric (NYSE:GE) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,802 shares of the conglomerate’s stock, valued at approximately $301,000.

Several other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in General Electric during the third quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric during the 3rd quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new stake in General Electric during the third quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of General Electric during the 4th quarter worth approximately $29,000. Institutional investors own 74.77% of the company’s stock.

Insider Activity

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at $2,407,036.57. The trade was a 34.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on GE. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. UBS Group raised their price objective on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Bank of America upped their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.47.

General Electric Stock Performance

Shares of General Electric stock opened at $188.20 on Thursday. The company has a market cap of $203.69 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The business has a 50 day moving average price of $174.49 and a 200-day moving average price of $174.59. General Electric has a 52 week low of $101.16 and a 52 week high of $194.80. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. Equities analysts anticipate that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s payout ratio is 19.68%.

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.