Brookstone Capital Management Purchases 2,682 Shares of General Electric (NYSE:GE)

Brookstone Capital Management boosted its position in General Electric (NYSE:GE) by 14.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,347 shares of the conglomerate’s stock after purchasing an additional 2,682 shares during the period. Brookstone Capital Management’s holdings in General Electric were worth $3,747,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Halpern Financial Inc. raised its holdings in 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 bought a new stake in General Electric during the 4th quarter worth approximately $27,000. CGC Financial Services LLC increased its position in General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 110 shares during the period. Capital Analysts LLC raised its stake in shares of General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Finally, Bfsg LLC acquired a new position in shares of General Electric during the fourth quarter worth $32,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on GE. Wells Fargo & Company raised their target price on General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. TD Cowen raised shares of General Electric from a “hold” rating to a “buy” rating and increased their target price for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. The Goldman Sachs Group increased their price objective on shares of General Electric from $190.00 to $211.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $177.27.

Insider Activity at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of General Electric stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the sale, the senior vice president now owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.66% of the stock is owned by insiders.

General Electric Price Performance

Shares of NYSE GE opened at $160.51 on Friday. The firm has a market cap of $175.70 billion, a price-to-earnings ratio of 52.63, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23. The stock has a fifty day simple moving average of $161.99 and a two-hundred day simple moving average of $150.84. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. General Electric has a 1-year low of $83.98 and a 1-year high of $170.80.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. Analysts anticipate that General Electric will post 3.99 earnings per share for the current year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.12 annualized dividend and a yield of 0.70%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

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.