West Bancorporation Inc. Makes New Investment in General Electric (NYSE:GE)

West Bancorporation Inc. purchased a new position in shares of General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,017 shares of the conglomerate’s stock, valued at approximately $112,000.

Several other large investors have also added to or reduced their stakes in the company. CLS Investments LLC raised its position in General Electric by 2,300.0% in the 4th quarter. CLS Investments LLC now owns 2,400 shares of the conglomerate’s stock valued at $27,000 after buying an additional 2,300 shares during the last quarter. Pacifica Partners Inc. purchased a new position in General Electric in the 4th quarter valued at $28,000. Manchester Financial Inc. purchased a new stake in shares of General Electric during the fourth quarter worth $29,000. Venturi Wealth Management LLC acquired a new position in General Electric during the third quarter worth about $25,000. Finally, IndexIQ Advisors LLC acquired a new position in General Electric during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 61.49% of the company’s stock.

GE traded up $0.49 during trading hours on Friday, hitting $10.88. 151,301,741 shares of the company’s stock were exchanged, compared to its average volume of 66,728,883. The firm has a market cap of $95.09 billion, a P/E ratio of -17.55, a price-to-earnings-growth ratio of 2.81 and a beta of 1.14. General Electric has a 12-month low of $7.65 and a 12-month high of $13.26. The company has a current ratio of 1.70, a quick ratio of 1.60 and a debt-to-equity ratio of 2.36. The firm has a 50 day moving average of $12.22 and a 200 day moving average of $10.49.

General Electric (NYSE:GE) last posted its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The business had revenue of $26.24 billion during the quarter, compared to the consensus estimate of $25.77 billion. General Electric had a negative net margin of 4.71% and a positive return on equity of 14.12%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. As a group, research analysts expect that General Electric will post 0.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, March 9th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Friday, March 6th. General Electric’s dividend payout ratio is presently 6.15%.

A number of research analysts have weighed in on GE shares. TheStreet raised shares of General Electric from a “d+” rating to a “c” rating in a research note on Wednesday, January 29th. Gordon Haskett raised General Electric from an “underperform” rating to a “hold” rating and raised their target price for the stock from $7.00 to $11.00 in a research note on Friday, February 7th. ValuEngine upgraded General Electric from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Morgan Stanley raised shares of General Electric from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $11.00 to $14.00 in a report on Thursday, January 23rd. Finally, Barclays restated a “buy” rating and set a $13.00 price objective on shares of General Electric in a research report on Sunday, December 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.29.

About General Electric

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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