ST Germain D J Co. Inc. Acquires 1,656 Shares of General Electric (NYSE:GE)

ST Germain D J Co. Inc. boosted its holdings in General Electric (NYSE:GE) by 20.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,693 shares of the conglomerate’s stock after purchasing an additional 1,656 shares during the quarter. ST Germain D J Co. Inc.’s holdings in General Electric were worth $1,617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Toth Financial Advisory Corp bought a new position in shares of General Electric during the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric during the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric during the 3rd quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric during the 3rd quarter valued at approximately $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric during the 3rd quarter valued at approximately $30,000. 74.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company’s stock, 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 the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $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.

Analyst Ratings Changes

A number of research analysts have recently commented on GE shares. Citigroup increased their target price on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Northcoast Research assumed coverage on General Electric in a research report on Tuesday. They set a “neutral” rating for the company. Bank of America increased their price target on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their price target on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Melius Research increased their price target on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.47.

General Electric Stock Performance

GE stock opened at $171.65 on Friday. The firm has a market cap of $185.78 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.63 and a beta of 1.19. 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 has a twelve month low of $100.95 and a twelve month high of $194.80. The business’s fifty day simple moving average is $174.34 and its two-hundred day simple moving average is $173.36.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. Analysts predict that General Electric will post 4.24 earnings per share for the current year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.65%. General Electric’s dividend payout ratio is currently 19.68%.

General Electric Company 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.