Dana Investment Advisors Inc. Raises Holdings in General Electric (NYSE:GE)

Dana Investment Advisors Inc. increased its position in shares of General Electric (NYSE:GE - Free Report) by 174.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,647 shares of the conglomerate's stock after buying an additional 16,319 shares during the quarter. Dana Investment Advisors Inc.'s holdings in General Electric were worth $4,278,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GE. Catalyst Capital Advisors LLC grew its holdings in General Electric by 117.7% during the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock worth $51,000 after buying an additional 146 shares in the last quarter. Johnson & White Wealth Management LLC bought a new stake in shares of General Electric in the 4th quarter worth $733,000. State Street Corp raised its holdings in shares of General Electric by 2.1% in the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after purchasing an additional 898,296 shares during the last quarter. Soltis Investment Advisors LLC lifted its position in shares of General Electric by 269.8% during the third 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 in the last quarter. Finally, World Investment Advisors LLC lifted its position in shares of General Electric by 60.7% during the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after purchasing an additional 5,162 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

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General Electric Price Performance

Shares of General Electric stock traded down $2.24 on Monday, reaching $191.61. The stock had a trading volume of 6,191,686 shares, compared to its average volume of 5,393,680. The business's 50 day moving average is $193.02 and its two-hundred day moving average is $183.20. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 1 year low of $130.38 and a 1 year high of $212.19. The company has a market cap of $205.65 billion, a P/E ratio of 31.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results 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%. As a group, research analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.75%. General Electric's payout ratio is 24.04%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Northcoast Research initiated coverage on General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating for the company. Redburn Atlantic initiated coverage on General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $211.31.

About General Electric

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.