General Electric (NYSE:GE) Shares Acquired by Huntington National Bank

Huntington National Bank grew its stake in General Electric (NYSE:GE - Free Report) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 518,908 shares of the conglomerate's stock after acquiring an additional 33,683 shares during the quarter. Huntington National Bank's holdings in General Electric were worth $86,549,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GE. New Age Alpha Advisors LLC raised its stake in General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new stake in shares of General Electric during the 4th quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in General Electric in the fourth quarter valued at approximately $29,000. CBIZ Investment Advisory Services LLC acquired a new position in General Electric in the fourth quarter valued at approximately $29,000. Finally, Picton Mahoney Asset Management grew its position in General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock worth $30,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GE shares. Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Wells Fargo & Company increased their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Citigroup increased their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $214.73.

General Electric Stock Down 11.1 %

GE traded down $20.87 on Friday, hitting $166.76. 18,160,091 shares of the company were exchanged, compared to its average volume of 5,400,110. The firm has a 50-day moving average price of $201.56 and a two-hundred day moving average price of $187.07. 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 has a twelve month low of $146.78 and a twelve month high of $214.21. The company has a market cap of $178.98 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE - Get Free Report) last announced 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 return on equity of 22.19% and a net margin of 14.31%. On average, equities analysts predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's payout ratio is 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.