Jennison Associates LLC Grows Stock Holdings in General Electric (NYSE:GE)

Jennison Associates LLC lifted its position in General Electric (NYSE:GE - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,878,650 shares of the conglomerate's stock after acquiring an additional 106,891 shares during the quarter. Jennison Associates LLC owned 0.73% of General Electric worth $1,314,080,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GE. Toth Financial Advisory Corp bought a new stake in General Electric during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in General Electric during the 3rd quarter valued at about $27,000. Peterson Financial Group Inc. bought a new stake in General Electric during the 3rd quarter valued at about $28,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in General Electric during the 3rd quarter valued at about $30,000. Institutional investors own 74.77% of the company's stock.

General Electric Stock Up 0.7 %

Shares of NYSE GE traded up $1.42 during trading hours on Thursday, hitting $206.00. 3,113,200 shares of the stock were exchanged, compared to its average volume of 6,013,369. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market cap of $222.95 billion, a PE ratio of 34.39, a PEG ratio of 2.53 and a beta of 1.21. The firm has a fifty day moving average price of $178.72 and a 200-day moving average price of $177.35. General Electric has a 12 month low of $110.34 and a 12 month high of $207.65.

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General Electric (NYSE:GE - Get Free Report) last posted 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%. On average, sell-side analysts expect that General Electric will post 5.39 EPS for the current year.

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.54%. General Electric's payout ratio is 18.70%.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. Melius Research lifted their price objective on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Citigroup boosted their price target on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Wells Fargo & Company boosted their price target on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $208.73.

About General Electric

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.