PSI Advisors LLC Sells 124 Shares of General Electric (NYSE:GE)

PSI Advisors LLC cut its stake in shares of General Electric (NYSE:GE) by 14.0% in the 4th quarter, HoldingsChannel reports. The firm owned 763 shares of the conglomerate’s stock after selling 124 shares during the period. PSI Advisors LLC’s holdings in General Electric were worth $127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toth Financial Advisory Corp bought a new stake in shares of General Electric during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. purchased a new stake in General Electric during the third quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in General Electric during the third quarter worth about $27,000. Peterson Financial Group Inc. purchased a new position in shares of General Electric in the 3rd quarter worth about $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred on 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 owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group upped their target price on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on shares of General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating on the stock. 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 research note on Thursday, January 2nd. Finally, Bank of America raised their price objective on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.47.

General Electric Price Performance

Shares of GE stock opened at $171.48 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. The firm has a market cap of $185.59 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.63 and a beta of 1.19. The business’s 50 day moving average price is $174.34 and its 200-day moving average price is $173.62. General Electric has a fifty-two week low of $100.95 and a fifty-two week high of $194.80.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the previous year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that General Electric will post 4.24 earnings per share for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.65%. General Electric’s dividend payout ratio (DPR) is presently 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.