Fidelis Capital Partners LLC Has $1.38 Million Position in General Electric (NYSE:GE)

Fidelis Capital Partners LLC lifted its holdings in General Electric (NYSE:GE - Free Report) by 46.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,262 shares of the conglomerate's stock after purchasing an additional 2,608 shares during the period. Fidelis Capital Partners LLC's holdings in General Electric were worth $1,378,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GE. State Street Corp raised its stake in General Electric by 2.1% during the 3rd 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. Geode Capital Management LLC raised its position in shares of General Electric by 0.7% during the third quarter. Geode Capital Management LLC now owns 22,587,961 shares of the conglomerate's stock valued at $4,244,676,000 after buying an additional 156,272 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of General Electric by 1.4% in the fourth quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after buying an additional 106,891 shares during the period. Bank of New York Mellon Corp grew its position in General Electric by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,766,421 shares of the conglomerate's stock worth $1,128,571,000 after buying an additional 115,257 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in General Electric by 6.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,556,515 shares of the conglomerate's stock valued at $1,236,428,000 after acquiring an additional 413,388 shares during the period. 74.77% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of analysts have commented on the company. Redburn Atlantic initiated coverage on General Electric in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Bank of America upped their target price on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Two 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $211.31.

General Electric Price Performance

General Electric stock traded down $1.97 on Friday, reaching $194.08. The company's stock had a trading volume of 7,679,114 shares, compared to its average volume of 5,375,486. General Electric has a twelve month low of $130.38 and a twelve month high of $212.19. The company has a market cap of $208.31 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The business's fifty day moving average price is $192.54 and its 200 day moving average price is $182.86.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. Equities analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed 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 is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.74%. General Electric's dividend payout ratio is currently 24.04%.

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.