Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $38.38 Million Position in General Electric (NYSE:GE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in General Electric (NYSE:GE - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 230,127 shares of the conglomerate's stock after selling 5,917 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in General Electric were worth $38,383,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GE. RPg Family Wealth Advisory LLC bought a new stake in General Electric in the third quarter valued at $30,000. Hager Investment Management Services LLC acquired a new stake in shares of General Electric in the 4th quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Electric in the 4th quarter worth about $29,000. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Electric during the 4th quarter worth about $29,000. Finally, Picton Mahoney Asset Management lifted its holdings in General Electric by 62.4% during the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 68 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on GE shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Citigroup increased their price target on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company lifted their price objective on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Northcoast Research started coverage on General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating for the company. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $211.31.

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General Electric Trading Up 3.1 %

Shares of NYSE:GE traded up $6.43 during trading on Monday, hitting $210.56. 4,041,531 shares of the company's stock were exchanged, compared to its average volume of 5,351,109. 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 firm has a market cap of $225.99 billion, a P/E ratio of 35.15, a PEG ratio of 2.59 and a beta of 1.19. The firm has a 50-day moving average price of $199.41 and a two-hundred day moving average price of $185.47. General Electric has a 1-year low of $133.99 and a 1-year high of $212.19.

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

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 0.68%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is currently 24.04%.

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.