Generali Investments CEE investicni spolecnost a.s. bought a new position in General Electric (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 20,975 shares of the conglomerate's stock, valued at approximately $3,498,000.
Several other hedge funds also recently bought and sold shares of GE. Valley Wealth Managers Inc. purchased a new stake in General Electric in the 3rd quarter worth $25,000. Hager Investment Management Services LLC purchased a new stake in General Electric in the 4th quarter worth $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric in the 3rd quarter worth $28,000. Sugar Maple Asset Management LLC purchased a new stake in General Electric in the 4th quarter worth $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in General Electric in the 3rd quarter worth $30,000. Institutional investors own 74.77% of the company's stock.
General Electric Stock Performance
General Electric stock opened at $194.08 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1-year low of $130.38 and a 1-year high of $212.19. The firm has a market capitalization of $208.31 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company's 50-day moving average is $193.02 and its 200 day moving average is $183.02.
General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. Research analysts forecast that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's dividend payout ratio is currently 24.04%.
Analyst Ratings Changes
Several brokerages have commented on GE. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Bank of America boosted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock 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 issued a "neutral" rating on the stock. JPMorgan Chase & Co. upped their target price on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Citigroup upped their target price on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $211.31.
Read Our Latest Research Report on General Electric
General Electric Company Profile
(
Free Report)
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.
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