Fmr LLC Increases Holdings in General Electric (NYSE:GE)

FMR LLC increased its holdings in shares of General Electric (NYSE:GE - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,823,968 shares of the conglomerate's stock after buying an additional 965,012 shares during the quarter. General Electric accounts for approximately 0.7% of FMR LLC's holdings, making the stock its 22nd largest holding. FMR LLC owned 6.23% of General Electric worth $11,145,570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Johnson & White Wealth Management LLC acquired a new position in General Electric during the fourth quarter worth $733,000. Chung Wu Investment Group LLC bought a new position in shares of General Electric in the fourth quarter valued at $795,000. Soltis Investment Advisors LLC increased its holdings in General Electric by 269.8% during the third quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock worth $5,318,000 after buying an additional 20,575 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of General Electric by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate's stock valued at $177,535,000 after purchasing an additional 29,844 shares during the period. Finally, World Investment Advisors LLC lifted its position in shares of General Electric by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after buying an additional 5,162 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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General Electric Stock Down 2.6 %

GE traded down $4.91 during mid-day trading on Thursday, reaching $182.36. 4,637,884 shares of the stock were exchanged, compared to its average volume of 5,474,490. The company has a 50 day moving average price of $199.23 and a two-hundred day moving average price of $186.70. The stock has a market capitalization of $195.73 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. 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 has a 1 year low of $146.78 and a 1 year high of $214.21.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. 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 declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.79%. General Electric's dividend payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

GE has been the topic of a number of research reports. Citigroup decreased their price objective on General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Northcoast Research upgraded shares of General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Wednesday. Wells Fargo & Company lowered their price target on shares of General Electric from $250.00 to $203.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, 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 report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.73.

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.