Fidelis Capital Partners LLC Has $908,000 Holdings in General Electric (NYSE:GE)

Fidelis Capital Partners LLC lifted its stake in shares of General Electric (NYSE:GE) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,601 shares of the conglomerate’s stock after purchasing an additional 359 shares during the period. Fidelis Capital Partners LLC’s holdings in General Electric were worth $908,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GE. Aveo Capital Partners LLC bought a new stake in shares of General Electric during the fourth quarter worth $203,000. Gryphon Financial Partners LLC raised its holdings in General Electric by 57.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 11,957 shares of the conglomerate’s stock worth $1,526,000 after purchasing an additional 4,354 shares during the last quarter. SageView Advisory Group LLC lifted its position in General Electric by 38.5% during the 4th quarter. SageView Advisory Group LLC now owns 7,730 shares of the conglomerate’s stock valued at $1,035,000 after purchasing an additional 2,147 shares during the period. Advisory Services Network LLC boosted its stake in shares of General Electric by 36.8% in the 4th quarter. Advisory Services Network LLC now owns 37,172 shares of the conglomerate’s stock valued at $4,744,000 after purchasing an additional 9,994 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in shares of General Electric by 303.3% in the 4th quarter. Johnson Financial Group Inc. now owns 2,674 shares of the conglomerate’s stock valued at $341,000 after purchasing an additional 2,011 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price target on General Electric from $210.00 to $212.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group lifted their price objective on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Royal Bank of Canada increased their target price on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Sanford C. Bernstein initiated coverage on General Electric in a research note on Tuesday, September 10th. They issued an “outperform” rating and a $201.00 price target for the company. Two 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 has a consensus rating of “Moderate Buy” and a consensus price target of $191.36.

General Electric Trading Up 0.7 %

Shares of NYSE:GE opened at $187.43 on Monday. The firm has a market cap of $205.16 billion, a price-to-earnings ratio of 61.45, a PEG ratio of 1.65 and a beta of 1.18. General Electric has a 12 month low of $84.42 and a 12 month high of $187.99. The company’s fifty day simple moving average is $168.69 and its 200 day simple moving average is $170.57. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share 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 the consensus estimate of $8.44 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, research analysts forecast that General Electric will post 4.2 EPS for the current fiscal year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be paid 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 payout ratio is currently 36.72%.

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.