Aware Super Pty Ltd as trustee of Aware Super purchased a new position in General Electric (NYSE:GE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,538 shares of the conglomerate's stock, valued at approximately $257,000.
A number of other institutional investors have also added to or reduced their stakes in GE. Johnson & White Wealth Management LLC bought a new position in General Electric during the fourth quarter valued at approximately $733,000. Chung Wu Investment Group LLC purchased a new stake in shares of General Electric during the 4th quarter worth approximately $795,000. National Bank of Canada FI boosted its position in shares of General Electric by 2.9% during the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate's stock valued at $177,535,000 after acquiring an additional 29,844 shares during the last quarter. World Investment Advisors LLC grew its holdings in shares of General Electric by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after purchasing an additional 5,162 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of General Electric by 1.7% in the fourth quarter. National Pension Service now owns 2,254,637 shares of the conglomerate's stock valued at $376,051,000 after purchasing an additional 37,884 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on GE. Bank of America upped their price target on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price objective on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Citigroup dropped their target price 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, Northcoast Research raised shares of General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.
View Our Latest Stock Analysis on GE
General Electric Stock Down 0.3 %
Shares of GE traded down $0.57 during mid-day trading on Friday, hitting $181.88. The company's stock had a trading volume of 4,927,432 shares, compared to its average volume of 5,436,847. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company's 50-day moving average is $196.12 and its 200-day moving average is $186.52. General Electric has a 52-week low of $148.83 and a 52-week high of $214.21. The firm has a market capitalization of $195.21 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.59 and a beta of 1.04.
General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.
General Electric Increases Dividend
The business also recently disclosed 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. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is 24.04%.
General Electric 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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