E Fund Management Co. Ltd. lifted its holdings in shares of General Electric (NYSE:GE - Free Report) by 41.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,323 shares of the conglomerate's stock after buying an additional 5,089 shares during the period. E Fund Management Co. Ltd.'s holdings in General Electric were worth $2,889,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Blue Barn Wealth LLC raised its position in shares of General Electric by 3.8% in the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock worth $245,000 after acquiring an additional 54 shares in the last quarter. Game Plan Financial Advisors LLC raised its position in shares of General Electric by 10.5% in the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after acquiring an additional 55 shares in the last quarter. Red Door Wealth Management LLC raised its position in shares of General Electric by 4.0% in the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock worth $241,000 after acquiring an additional 56 shares in the last quarter. WR Wealth Planners LLC raised its position in shares of General Electric by 30.6% in the 4th quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate's stock worth $40,000 after acquiring an additional 56 shares in the last quarter. Finally, Saxon Interests Inc. raised its position in shares of General Electric by 4.2% in the 4th quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock worth $238,000 after acquiring an additional 57 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on GE. Northcoast Research started coverage on General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating on the stock. Wells Fargo & Company boosted their price target on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted their price target on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Bank of America boosted their price target on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, UBS Group boosted their price target on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Two investment 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $211.31.
Check Out Our Latest Stock Analysis on General Electric
General Electric Price Performance
GE stock traded down $2.24 during mid-day trading on Monday, reaching $191.61. 6,191,686 shares of the company's stock were exchanged, compared to its average volume of 5,393,680. The company has a market cap of $205.65 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The stock's 50 day moving average is $193.49 and its 200 day moving average is $183.35. 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 has a 12-month low of $130.38 and a 12-month high of $212.19.
General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, research analysts expect that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.75%. 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 Company Profile
(
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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