Clarity Capital Partners LLC Purchases 194 Shares of General Electric (NYSE:GE)

Clarity Capital Partners LLC boosted its stake in General Electric (NYSE:GE) by 14.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,507 shares of the conglomerate’s stock after buying an additional 194 shares during the period. Clarity Capital Partners LLC’s holdings in General Electric were worth $284,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. FSM Wealth Advisors LLC grew its position in shares of General Electric by 4.9% during the 3rd quarter. FSM Wealth Advisors LLC now owns 5,257 shares of the conglomerate’s stock worth $991,000 after purchasing an additional 245 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in General Electric by 117.7% during the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate’s stock worth $51,000 after buying an additional 146 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in General Electric by 13.7% during the third quarter. Hazlett Burt & Watson Inc. now owns 2,069 shares of the conglomerate’s stock worth $390,000 after buying an additional 249 shares during the last quarter. Quintet Private Bank Europe S.A. grew its holdings in General Electric by 13.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 5,355 shares of the conglomerate’s stock worth $1,010,000 after purchasing an additional 618 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in shares of General Electric by 0.9% during the third quarter. QRG Capital Management Inc. now owns 264,489 shares of the conglomerate’s stock valued at $49,877,000 after buying an additional 2,478 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

NYSE:GE opened at $171.76 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a fifty-two week low of $86.83 and a fifty-two week high of $194.80. The stock has a market capitalization of $185.89 billion, a P/E ratio of 30.19, a PEG ratio of 1.70 and a beta of 1.19. The company has a 50 day moving average price of $180.21 and a 200 day moving average price of $169.32.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the previous year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts forecast that General Electric will post 4.22 EPS for the current year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. General Electric’s dividend payout ratio is presently 19.68%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada lowered their price target on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Citigroup upped their target price on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. UBS Group increased their price target 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.93.

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.