General Electric (NYSE:GE) Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC grew its position in General Electric (NYSE:GE - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 354,779 shares of the conglomerate's stock after purchasing an additional 4,500 shares during the period. Gabelli Funds LLC's holdings in General Electric were worth $59,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Virtu Financial LLC purchased a new position in General Electric during the third quarter valued at approximately $3,400,000. Westside Investment Management Inc. raised its position in shares of General Electric by 6.0% in the third quarter. Westside Investment Management Inc. now owns 1,245 shares of the conglomerate's stock worth $235,000 after acquiring an additional 70 shares during the period. Diamant Asset Management Inc. grew its position in shares of General Electric by 2.7% during the 3rd quarter. Diamant Asset Management Inc. now owns 6,098 shares of the conglomerate's stock valued at $1,150,000 after acquiring an additional 158 shares during the period. Morse Asset Management Inc raised its holdings in General Electric by 30.2% in the 3rd quarter. Morse Asset Management Inc now owns 18,616 shares of the conglomerate's stock worth $3,511,000 after purchasing an additional 4,320 shares during the period. Finally, SkyView Investment Advisors LLC boosted its position in General Electric by 1.9% during the third quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the conglomerate's stock worth $2,308,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price objective on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. UBS Group lifted their price target on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on shares of General Electric from $203.00 to $212.00 and gave the company an "overweight" rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $213.33.

General Electric Trading Down 0.3 %

NYSE GE traded down $0.57 during trading hours on Friday, reaching $181.88. The company had a trading volume of 4,927,432 shares, compared to its average volume of 5,453,364. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $195.21 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The stock has a 50-day moving average of $196.12 and a 200 day moving average of $186.50. 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 quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 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 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. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is currently 24.04%.

General Electric Company Profile

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.