Bay Colony Advisory Group Inc d b a Bay Colony Advisors cut its position in General Electric (NYSE:GE - Free Report) by 9.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,773 shares of the conglomerate's stock after selling 1,999 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in General Electric were worth $3,131,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC raised its position in shares of General Electric by 16.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,267 shares of the conglomerate's stock valued at $713,000 after buying an additional 612 shares in the last quarter. Callan Family Office LLC raised its position in shares of General Electric by 1,430.3% in the 4th quarter. Callan Family Office LLC now owns 17,063 shares of the conglomerate's stock valued at $2,846,000 after buying an additional 15,948 shares in the last quarter. Chatham Capital Group Inc. increased its position in General Electric by 4.0% during the 4th quarter. Chatham Capital Group Inc. now owns 24,758 shares of the conglomerate's stock worth $4,129,000 after purchasing an additional 960 shares in the last quarter. Welch & Forbes LLC increased its position in General Electric by 2.0% during the 4th quarter. Welch & Forbes LLC now owns 46,516 shares of the conglomerate's stock worth $7,758,000 after purchasing an additional 930 shares in the last quarter. Finally, E Fund Management Co. Ltd. increased its position in General Electric by 41.6% during the 4th quarter. E Fund Management Co. Ltd. now owns 17,323 shares of the conglomerate's stock worth $2,889,000 after purchasing an additional 5,089 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.
General Electric Trading Down 1.0 %
Shares of NYSE:GE traded down $1.97 during trading on Friday, reaching $194.08. The stock had a trading volume of 7,681,174 shares, compared to its average volume of 5,375,542. The firm's fifty day moving average is $193.02 and its 200 day moving average is $183.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 52 week low of $130.38 and a 52 week high of $212.19. The stock has a market cap of $208.31 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 2.59 and a beta of 1.19.
General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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, equities analysts forecast that General Electric will post 5.4 EPS 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. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend 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
A number of research firms recently issued reports on GE. 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 report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Citigroup upped their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. 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 research report on Friday, January 24th. Finally, Redburn Atlantic began coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $211.31.
View Our Latest Stock Report on GE
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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