LTS One Management LP Buys 58,500 Shares of General Electric (NYSE:GE)

LTS One Management LP increased its holdings in shares of General Electric (NYSE:GE - Free Report) by 60.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,000 shares of the conglomerate's stock after purchasing an additional 58,500 shares during the period. General Electric accounts for about 7.2% of LTS One Management LP's holdings, making the stock its 4th biggest holding. LTS One Management LP's holdings in General Electric were worth $25,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of GE. Johnson & White Wealth Management LLC acquired a new stake in General Electric during the 4th quarter valued at approximately $733,000. Chung Wu Investment Group LLC acquired a new stake in General Electric in the fourth quarter valued at $795,000. National Bank of Canada FI grew its holdings in General Electric by 2.9% during the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate's stock worth $177,535,000 after acquiring an additional 29,844 shares in the last quarter. World Investment Advisors LLC increased its position in shares of General Electric by 60.7% in the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock worth $2,576,000 after purchasing an additional 5,162 shares during the last quarter. Finally, National Pension Service grew its stake in General Electric by 1.7% in the fourth quarter. National Pension Service now owns 2,254,637 shares of the conglomerate's stock worth $376,051,000 after purchasing an additional 37,884 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Trading Down 0.3 %

Shares of NYSE:GE traded down $0.57 during mid-day trading on Friday, hitting $181.88. The stock had a trading volume of 4,927,432 shares, compared to its average volume of 5,456,285. The company's 50 day moving average is $196.66 and its 200-day moving average is $186.53. 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 12-month low of $146.78 and a 12-month high of $214.21. The company has a market cap of $195.21 billion, a PE ratio of 30.36, a P/E/G ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results 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 return on equity of 22.19% and a net margin of 14.31%. On average, sell-side analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company 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 a boost 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 dividend yield of 0.79%. General Electric's payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GE. Citigroup reduced their price objective on General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company raised their price target on shares of General Electric from $203.00 to $212.00 and gave the company an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Bank of America lifted their price objective 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. Finally, Northcoast Research upgraded shares of General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price objective on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $213.33.

General Electric 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.