Andrew Hill Investment Advisors Inc. Sells 8,178 Shares of General Electric (NYSE:GE)

Andrew Hill Investment Advisors Inc. trimmed its position in General Electric (NYSE:GE - Free Report) by 53.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the conglomerate's stock after selling 8,178 shares during the period. Andrew Hill Investment Advisors Inc.'s holdings in General Electric were worth $1,201,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GE. New Age Alpha Advisors LLC raised its position in shares of General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after buying an additional 84 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of General Electric in the 4th quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of General Electric in the 4th quarter worth about $28,000. Sugar Maple Asset Management LLC bought a new stake in General Electric in the fourth quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in General Electric during the fourth quarter worth $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GE shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Wells Fargo & Company reduced their price target on General Electric from $250.00 to $203.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Finally, UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.73.

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General Electric Trading Up 1.5 %

GE stock traded up $2.73 during mid-day trading on Monday, reaching $184.40. 2,765,991 shares of the stock traded hands, compared to its average volume of 5,462,704. General Electric has a 52-week low of $146.78 and a 52-week high of $214.21. The stock's fifty day moving average is $198.36 and its 200-day moving average is $186.61. The company has a market cap of $197.91 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.78%. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric's payout ratio is currently 24.04%.

General Electric Company Profile

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.