Advent Capital Management DE Buys 4,000 Shares of General Electric (NYSE:GE)

Advent Capital Management DE raised its holdings in shares of General Electric (NYSE:GE - Free Report) by 33.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the conglomerate's stock after purchasing an additional 4,000 shares during the quarter. Advent Capital Management DE's holdings in General Electric were worth $2,669,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. MSH Capital Advisors LLC bought a new stake in General Electric in the 4th quarter valued at $241,000. NewEdge Advisors LLC boosted its stake in shares of General Electric by 3.4% in the fourth quarter. NewEdge Advisors LLC now owns 83,913 shares of the conglomerate's stock valued at $13,996,000 after buying an additional 2,776 shares during the period. Main Street Financial Solutions LLC grew its holdings in shares of General Electric by 142.3% during the 4th quarter. Main Street Financial Solutions LLC now owns 4,535 shares of the conglomerate's stock worth $756,000 after purchasing an additional 2,663 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of General Electric by 2.5% in the fourth quarter. Evergreen Capital Management LLC now owns 7,025 shares of the conglomerate's stock worth $1,174,000 after purchasing an additional 172 shares during the period. Finally, Acorns Advisers LLC increased its position in shares of General Electric by 57.2% in the fourth quarter. Acorns Advisers LLC now owns 2,095 shares of the conglomerate's stock worth $349,000 after purchasing an additional 762 shares during the period. 74.77% of the stock is owned by institutional investors.

General Electric Trading Down 0.3 %

Shares of NYSE GE traded down $0.57 during trading on Friday, reaching $181.88. The company had a trading volume of 4,927,432 shares, compared to its average volume of 5,436,847. The stock has a market cap of $195.21 billion, a P/E ratio of 30.36, a PEG ratio of 2.59 and a beta of 1.04. The company's fifty day moving average price is $196.12 and its 200-day moving average price is $186.50. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 12 month low of $148.83 and a 12 month high of $214.21.

General Electric (NYSE:GE - Get Free Report) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. As a group, research analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. 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 0.79%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's dividend payout ratio (DPR) is presently 24.04%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GE. Bank of America increased their price objective 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. JPMorgan Chase & Co. boosted their price objective 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. Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Citigroup lowered their price target on General Electric from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, UBS Group lifted their target price on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, General Electric has a consensus rating of "Moderate Buy" and an average price target of $213.33.

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.