Chiron Investment Management LLC lifted its position in shares of General Electric (NYSE:GE - Free Report) by 76.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,124 shares of the conglomerate's stock after acquiring an additional 17,382 shares during the period. General Electric comprises approximately 2.2% of Chiron Investment Management LLC's holdings, making the stock its 13th largest holding. Chiron Investment Management LLC's holdings in General Electric were worth $6,692,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC lifted its holdings in shares of General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in General Electric in the fourth quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in General Electric in the fourth quarter valued at $28,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Electric during the fourth quarter valued at $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in shares of General Electric during the fourth quarter worth about $29,000. 74.77% of the stock is currently owned by institutional investors.
General Electric Stock Down 0.3 %
General Electric stock traded down $0.57 during trading hours on Friday, hitting $181.88. The company had a trading volume of 4,927,432 shares, compared to its average volume of 5,456,285. The firm's fifty day moving average is $196.66 and its 200-day moving average is $186.53. The firm has a market capitalization of $195.21 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. General Electric has a fifty-two week low of $146.78 and a fifty-two 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 earnings results on Thursday, January 23rd. The conglomerate reported $1.32 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, research analysts forecast 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. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.79%. The ex-dividend date is Monday, March 10th. This is an increase 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
A number of research analysts have issued reports on GE shares. Redburn Atlantic started coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Northcoast Research upgraded General Electric from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research report on Wednesday, April 9th. 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 price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company upped their price objective on shares of General Electric from $203.00 to $212.00 and gave the stock an "overweight" rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.
Get Our Latest Analysis on General Electric
General Electric Profile
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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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