Gamco Investors INC. ET AL Has $14.01 Million Position in General Electric (NYSE:GE)

Gamco Investors INC. ET AL lowered its stake in shares of General Electric (NYSE:GE - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,015 shares of the conglomerate's stock after selling 1,639 shares during the quarter. Gamco Investors INC. ET AL's holdings in General Electric were worth $14,013,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Johnson & White Wealth Management LLC bought a new position in shares of General Electric during the 4th quarter worth about $733,000. Chung Wu Investment Group LLC acquired a new stake in General Electric during the fourth quarter worth about $795,000. National Bank of Canada FI grew its position in General Electric by 2.9% during the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate's stock worth $177,535,000 after buying an additional 29,844 shares in the last quarter. World Investment Advisors LLC increased its stake in General Electric by 60.7% during the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after acquiring an additional 5,162 shares during the period. Finally, National Pension Service raised its holdings in General Electric by 1.7% in the 4th quarter. National Pension Service now owns 2,254,637 shares of the conglomerate's stock valued at $376,051,000 after acquiring an additional 37,884 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on GE shares. Northcoast Research upgraded General Electric from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. raised their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. 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. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Finally, Redburn Atlantic began coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.

General Electric Price Performance

Shares of GE stock traded down $0.57 during trading hours on Friday, hitting $181.88. 4,927,432 shares of the company's stock were exchanged, compared to its average volume of 5,436,847. General Electric has a 52 week low of $148.83 and a 52 week high of $214.21. The stock has a market cap of $195.21 billion, a price-to-earnings ratio of 30.36, 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 current ratio of 1.09 and a quick ratio of 0.81. The stock's 50-day moving average is $196.12 and its 200-day moving average is $186.52.

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 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%. As a group, research analysts forecast that General Electric will post 5.4 EPS for the current 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. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.79%. General Electric's dividend 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.