Blueshift Asset Management LLC Acquires Shares of 2,082 General Electric (NYSE:GE)

Blueshift Asset Management LLC acquired a new position in shares of General Electric (NYSE:GE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,082 shares of the conglomerate's stock, valued at approximately $347,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC raised its holdings in shares of General Electric by 26.2% in the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock valued at $39,000 after buying an additional 49 shares during the period. Blue Barn Wealth LLC increased its stake in General Electric by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock worth $245,000 after purchasing an additional 54 shares during the period. Game Plan Financial Advisors LLC increased its stake in General Electric by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after purchasing an additional 55 shares during the period. Red Door Wealth Management LLC lifted its position in shares of General Electric by 4.0% during the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock worth $241,000 after purchasing an additional 56 shares in the last quarter. Finally, WR Wealth Planners LLC grew its holdings in shares of General Electric by 30.6% in the fourth quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate's stock valued at $40,000 after purchasing an additional 56 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

General Electric Stock Performance

GE traded up $1.26 during trading on Tuesday, hitting $211.49. 1,355,637 shares of the stock were exchanged, compared to its average volume of 5,350,355. 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 1-year low of $133.99 and a 1-year high of $212.19. The stock has a fifty day moving average price of $199.41 and a two-hundred day moving average price of $185.47. The firm has a market capitalization of $226.99 billion, a P/E ratio of 35.30, a PEG ratio of 2.59 and a beta of 1.19.

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General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently declared 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 is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is currently 24.04%.

Analyst Ratings Changes

A number of research firms have issued reports on GE. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. UBS Group raised their target price on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. JPMorgan Chase & Co. increased 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. Finally, Citigroup lifted 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. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $211.31.

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.