Sunflower Bank N.A. Raises Stake in General Electric (NYSE:GE)

Sunflower Bank N.A. raised its stake in shares of General Electric (NYSE:GE) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,038 shares of the conglomerate’s stock after buying an additional 145 shares during the quarter. Sunflower Bank N.A.’s holdings in General Electric were worth $1,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bar Harbor Wealth Management raised its holdings in shares of General Electric by 4.3% in the 4th quarter. Bar Harbor Wealth Management now owns 3,625 shares of the conglomerate’s stock valued at $605,000 after acquiring an additional 150 shares in the last quarter. Cooper Financial Group increased its holdings in shares of General Electric by 40.1% in the 4th quarter. Cooper Financial Group now owns 2,257 shares of the conglomerate’s stock worth $376,000 after buying an additional 646 shares during the last quarter. Wedmont Private Capital grew its position in General Electric by 4.2% in the fourth quarter. Wedmont Private Capital now owns 16,688 shares of the conglomerate’s stock worth $2,865,000 after acquiring an additional 667 shares in the last quarter. Kieckhefer Group LLC bought a new stake in General Electric during the fourth quarter worth about $50,000. Finally, Capital Investment Advisors LLC boosted its holdings in shares of General Electric by 7.8% in the 4th quarter. Capital Investment Advisors LLC now owns 10,618 shares of the conglomerate’s stock worth $1,771,000 after purchasing an additional 767 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

General Electric Stock Performance

GE traded down $0.21 during trading on Monday, hitting $171.48. The company’s stock had a trading volume of 5,564,435 shares, compared to its average volume of 4,952,473. General Electric has a one year low of $100.95 and a one year high of $194.80. The business’s 50 day simple moving average is $174.34 and its 200-day simple moving average is $173.54. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The firm has a market cap of $185.59 billion, a PE ratio of 30.14, a P/E/G ratio of 1.63 and a beta of 1.19.

General Electric (NYSE:GE) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company 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 business earned $0.82 earnings per share. General Electric’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Announces Dividend

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

Insider Transactions at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the subject of several recent research reports. 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. Royal Bank of Canada cut their target price on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Citigroup increased 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. Sanford C. Bernstein boosted their price target on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, General Electric has a consensus rating of “Moderate Buy” and an average target price of $201.47.

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.