Mutual of America Capital Management LLC reduced its stake in General Electric (NYSE:GE - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,653 shares of the conglomerate's stock after selling 4,089 shares during the quarter. Mutual of America Capital Management LLC's holdings in General Electric were worth $22,125,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. bought a new stake in shares of General Electric in the third quarter valued at about $25,000. Hager Investment Management Services LLC acquired a new stake in General Electric in the 4th quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in General Electric in the 3rd quarter valued at approximately $28,000. Sugar Maple Asset Management LLC acquired a new position in General Electric during the 4th quarter worth approximately $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric during the 3rd quarter worth approximately $30,000. 74.77% of the stock is owned by institutional investors and hedge funds.
General Electric Stock Performance
GE stock traded down $1.35 during mid-day trading on Tuesday, hitting $200.61. 4,034,718 shares of the company were exchanged, compared to its average volume of 5,235,902. General Electric has a 1-year low of $125.26 and a 1-year high of $212.19. The stock has a market capitalization of $215.31 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The business has a 50 day simple moving average of $190.89 and a 200-day simple moving average of $182.42. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.
General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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%. On average, equities analysts forecast that General Electric will post 5.4 earnings per share for the current year.
General Electric Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. General Electric's dividend payout ratio is 24.04%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on GE shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Bank of America raised 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, Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating on the stock. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $211.31.
View Our Latest Stock Analysis on General Electric
General Electric 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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