General Electric (NYSE:GE) Holdings Raised by Beaird Harris Wealth Management LLC

Beaird Harris Wealth Management LLC increased its stake in General Electric (NYSE:GE) by 8.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,297 shares of the conglomerate’s stock after purchasing an additional 106 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in General Electric were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GE. Rathbones Group PLC grew its holdings in shares of General Electric by 2.7% during the fourth quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate’s stock valued at $28,821,000 after buying an additional 5,997 shares in the last quarter. Marietta Investment Partners LLC acquired a new stake in General Electric during the 2nd quarter worth about $1,569,000. Vanguard Group Inc. boosted its position in General Electric by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate’s stock worth $11,288,136,000 after acquiring an additional 550,996 shares during the period. GAMMA Investing LLC grew its stake in General Electric by 25.4% during the 2nd quarter. GAMMA Investing LLC now owns 16,999 shares of the conglomerate’s stock valued at $2,702,000 after acquiring an additional 3,442 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of General Electric by 4.4% in the 2nd quarter. Blair William & Co. IL now owns 181,971 shares of the conglomerate’s stock valued at $28,928,000 after purchasing an additional 7,670 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

GE opened at $185.39 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14. The company has a market cap of $202.93 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The stock has a 50-day moving average of $171.51 and a 200-day moving average of $170.35. General Electric has a 52-week low of $84.42 and a 52-week high of $190.88.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The firm had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that General Electric will post 4.2 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 0.60%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Wall Street Analysts Forecast Growth

GE has been the subject of several research reports. Royal Bank of Canada raised their price target on shares of General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of General Electric from $210.00 to $212.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Wells Fargo & Company upped their price target on shares of General Electric from $192.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Sanford C. Bernstein initiated coverage on General Electric in a report on Tuesday, September 10th. They set an “outperform” rating and a $201.00 price objective for the company. Finally, StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.36.

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.