Cerity Partners LLC Reduces Holdings in General Electric (NYSE:GE)

Cerity Partners LLC lessened its holdings in shares of General Electric (NYSE:GE - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,048 shares of the conglomerate's stock after selling 3,470 shares during the period. Cerity Partners LLC's holdings in General Electric were worth $53,729,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Johnson & White Wealth Management LLC purchased a new stake in shares of General Electric during the 4th quarter valued at approximately $733,000. Chung Wu Investment Group LLC purchased a new stake in General Electric in the fourth quarter valued at $795,000. Soltis Investment Advisors LLC lifted its stake in shares of General Electric by 269.8% in the 3rd quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock valued at $5,318,000 after purchasing an additional 20,575 shares during the last quarter. National Bank of Canada FI grew its holdings 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 worth $177,535,000 after purchasing an additional 29,844 shares during the period. Finally, World Investment Advisors LLC increased its position in shares of General Electric by 60.7% during the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock worth $2,576,000 after purchasing an additional 5,162 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

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General Electric Stock Up 0.0 %

NYSE:GE traded up $0.06 during mid-day trading on Friday, hitting $181.57. The stock had a trading volume of 3,000,686 shares, compared to its average volume of 5,467,620. General Electric has a twelve month low of $146.78 and a twelve month high of $214.21. The stock has a 50-day simple moving average of $198.78 and a two-hundred day simple moving average of $186.65. 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 has a market capitalization of $194.88 billion, a PE ratio of 30.29, a PEG ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is 24.04%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GE shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Citigroup decreased their price target on General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday. Wells Fargo & Company dropped their price objective on General Electric from $250.00 to $203.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Northcoast Research raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research note on Wednesday. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $212.73.

General Electric 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.