Advisors Asset Management Inc. Has $3.55 Million Stake in General Electric (NYSE:GE)

Advisors Asset Management Inc. lifted its position in General Electric (NYSE:GE - Free Report) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,264 shares of the conglomerate's stock after buying an additional 2,558 shares during the quarter. Advisors Asset Management Inc.'s holdings in General Electric were worth $3,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. State Street Corp increased its stake in General Electric by 2.1% during the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after acquiring an additional 898,296 shares during the period. Geode Capital Management LLC grew its holdings in shares of General Electric by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 22,587,961 shares of the conglomerate's stock worth $4,244,676,000 after purchasing an additional 156,272 shares in the last quarter. Jennison Associates LLC increased its position in shares of General Electric by 1.4% during the fourth quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after purchasing an additional 106,891 shares during the period. Bank of New York Mellon Corp raised its stake in shares of General Electric by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,766,421 shares of the conglomerate's stock valued at $1,128,571,000 after purchasing an additional 115,257 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in General Electric by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,732,817 shares of the conglomerate's stock worth $1,122,966,000 after purchasing an additional 202,233 shares during the period. 74.77% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GE shares. Citigroup boosted their price target on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Bank of America lifted their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Redburn Atlantic initiated coverage on shares of General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, UBS Group lifted their target price on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

General Electric Trading Up 0.9 %

NYSE GE traded up $1.95 during trading hours on Tuesday, hitting $212.18. The company's stock had a trading volume of 4,314,312 shares, compared to its average volume of 5,350,355. The stock has a fifty day moving average of $199.41 and a 200 day moving average of $185.47. 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 twelve month low of $133.99 and a twelve month high of $212.19. The firm has a market capitalization of $227.73 billion, a P/E ratio of 35.42, a PEG ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities research analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company 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 dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.68%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's 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.