Moody National Bank Trust Division Purchases 919 Shares of General Electric (NYSE:GE)

Moody National Bank Trust Division increased its position in shares of General Electric (NYSE:GE – Get Rating) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,610 shares of the conglomerate’s stock after purchasing an additional 919 shares during the period. Moody National Bank Trust Division’s holdings in General Electric were worth $1,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GE. Macquarie Group Ltd. grew its stake in General Electric by 3.2% during the third quarter. Macquarie Group Ltd. now owns 48,555 shares of the conglomerate’s stock valued at $3,006,000 after acquiring an additional 1,493 shares in the last quarter. Utah Retirement Systems grew its stake in General Electric by 0.3% during the second quarter. Utah Retirement Systems now owns 195,399 shares of the conglomerate’s stock valued at $12,441,000 after acquiring an additional 500 shares in the last quarter. PFS Investments Inc. grew its stake in General Electric by 17.2% during the second quarter. PFS Investments Inc. now owns 3,571 shares of the conglomerate’s stock valued at $227,000 after acquiring an additional 523 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in General Electric by 25.8% during the third quarter. GHP Investment Advisors Inc. now owns 1,159 shares of the conglomerate’s stock valued at $72,000 after acquiring an additional 238 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of General Electric by 16.5% in the 3rd quarter. Ballentine Partners LLC now owns 12,231 shares of the conglomerate’s stock worth $757,000 after buying an additional 1,730 shares in the last quarter. 70.12% of the stock is currently owned by institutional investors.

General Electric Trading Down 1.8 %

GE traded down $1.68 on Friday, reaching $90.29. 10,188,097 shares of the company traded hands, compared to its average volume of 8,482,878. General Electric has a one year low of $46.55 and a one year high of $94.94. The firm has a fifty day simple moving average of $83.12 and a two-hundred day simple moving average of $78.73. The company has a market cap of $98.35 billion, a P/E ratio of -3,009.67, a price-to-earnings-growth ratio of 6.62 and a beta of 1.25. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.76.

General Electric (NYSE:GE – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The conglomerate reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.13. General Electric had a net margin of 0.29% and a return on equity of 8.47%. The company had revenue of $21.79 billion during the quarter, compared to analyst estimates of $22.11 billion. During the same quarter last year, the business posted $0.92 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts expect that General Electric will post 1.97 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Tuesday, March 7th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.35%. General Electric’s dividend payout ratio is currently -1,066.67%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GE. UBS Group dropped their price objective on shares of General Electric from $98.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, January 12th. Oppenheimer lifted their price objective on shares of General Electric from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday. StockNews.com began coverage on shares of General Electric in a research note on Friday, March 10th. They issued a “buy” rating for the company. Morgan Stanley dropped their price objective on shares of General Electric from $88.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. Finally, Bank of America lifted their price target on shares of General Electric from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, March 6th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.14.

General Electric Profile

(Get Rating)

General Electric Co engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment. It operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power.