CenterBook Partners LP Boosts Holdings in General Electric (NYSE:GE)

CenterBook Partners LP boosted its stake in General Electric (NYSE:GE - Free Report) by 25.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,315 shares of the conglomerate's stock after buying an additional 2,526 shares during the period. CenterBook Partners LP's holdings in General Electric were worth $2,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GE. New Age Alpha Advisors LLC increased its position in General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of General Electric in the fourth quarter valued at $28,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Electric in the 4th quarter worth $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in General Electric during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. UBS Group upped their price objective 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. Finally, Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, General Electric currently has an average rating of "Moderate Buy" and a consensus price target of $212.73.

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General Electric Stock Performance

Shares of GE traded up $2.58 during mid-day trading on Monday, reaching $184.25. 2,255,038 shares of the company's stock were exchanged, compared to its average volume of 5,460,951. The business's fifty day simple moving average is $198.36 and its 200-day simple moving average is $186.61. The stock has a market capitalization of $197.75 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. General Electric has a 52-week low of $146.78 and a 52-week high of $214.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

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%. On average, equities research analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. 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.