Poinciana Advisors Group LLC Makes New $353,000 Investment in General Electric (NYSE:GE)

Poinciana Advisors Group LLC bought a new position in General Electric (NYSE:GE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,119 shares of the conglomerate’s stock, valued at approximately $353,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Aigen Investment Management LP bought a new position in shares of General Electric in the third quarter valued at $460,000. Pinnacle Financial Partners Inc increased its holdings in shares of General Electric by 7.9% in the third quarter. Pinnacle Financial Partners Inc now owns 6,978 shares of the conglomerate’s stock valued at $1,316,000 after buying an additional 510 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of General Electric by 14.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 4,013 shares of the conglomerate’s stock valued at $757,000 after buying an additional 513 shares in the last quarter. Cable Hill Partners LLC increased its holdings in shares of General Electric by 14.7% in the third quarter. Cable Hill Partners LLC now owns 1,684 shares of the conglomerate’s stock valued at $318,000 after buying an additional 216 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of General Electric by 96.9% in the third quarter. KBC Group NV now owns 168,735 shares of the conglomerate’s stock valued at $31,820,000 after buying an additional 83,053 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GE. Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Up 2.6 %

Shares of NYSE:GE opened at $197.39 on Friday. The stock has a market capitalization of $211.85 billion, a PE ratio of 32.95, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a 1 year low of $131.91 and a 1 year high of $212.19. The firm has a fifty day moving average price of $195.54 and a 200 day moving average price of $183.82. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. The ex-dividend date is Monday, March 10th. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.73%. General Electric’s dividend payout ratio is currently 24.04%.

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.