Drum Hill Capital LLC Invests $287,000 in General Electric (NYSE:GE)

Drum Hill Capital LLC acquired a new stake in General Electric (NYSE:GE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,718 shares of the conglomerate's stock, valued at approximately $287,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. purchased a new position in General Electric in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric in the 3rd quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in shares of General Electric during the 3rd quarter worth $28,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric during the 3rd quarter worth $30,000. Finally, Hager Investment Management Services LLC purchased a new stake in shares of General Electric during the 4th quarter worth $27,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Price Performance

GE stock traded down $8.84 during trading on Friday, hitting $199.90. The stock had a trading volume of 5,410,517 shares, compared to its average volume of 4,437,528. The company's 50 day moving average price is $186.57 and its two-hundred day moving average price is $180.72. General Electric has a 1-year low of $119.88 and a 1-year high of $212.19. The stock has a market cap of $214.55 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

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, sell-side analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is currently 18.70%.

Analysts Set New Price Targets

GE has been the topic of several research analyst reports. UBS Group boosted their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday. They set a "buy" rating and a $250.00 target price on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Northcoast Research assumed coverage on General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating for the company. Finally, Wells Fargo & Company lifted their price target on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus 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.