National Bank of Canada FI grew its stake in General Electric (NYSE:GE - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,064,417 shares of the conglomerate's stock after purchasing an additional 29,844 shares during the period. National Bank of Canada FI owned about 0.10% of General Electric worth $177,535,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Family Legacy Inc. increased its stake in shares of General Electric by 3.7% in the 4th quarter. Family Legacy Inc. now owns 14,010 shares of the conglomerate's stock valued at $2,422,000 after purchasing an additional 500 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its position in General Electric by 26.1% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 45,383 shares of the conglomerate's stock worth $7,569,000 after purchasing an additional 9,393 shares in the last quarter. Seven Mile Advisory grew its holdings in General Electric by 33.3% in the fourth quarter. Seven Mile Advisory now owns 1,465 shares of the conglomerate's stock valued at $244,000 after purchasing an additional 366 shares during the period. Summit Financial LLC increased its position in shares of General Electric by 12.9% in the fourth quarter. Summit Financial LLC now owns 9,281 shares of the conglomerate's stock valued at $1,551,000 after buying an additional 1,063 shares in the last quarter. Finally, Hoey Investments Inc. raised its stake in shares of General Electric by 18.8% during the 4th quarter. Hoey Investments Inc. now owns 37,563 shares of the conglomerate's stock worth $6,265,000 after buying an additional 5,952 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.
General Electric Trading Down 11.1 %
Shares of NYSE GE traded down $20.87 during trading on Friday, hitting $166.76. 18,160,091 shares of the company were exchanged, compared to its average volume of 5,437,472. 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 fifty day moving average price of $201.56 and a 200-day moving average price of $187.02. The firm has a market capitalization of $178.98 billion, a PE ratio of 27.84, a P/E/G ratio of 2.59 and a beta of 1.04.
General Electric (NYSE:GE - Get Free Report) last posted its 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 net margin of 14.31% and a return on equity of 22.19%. As a group, equities research analysts expect that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.86%. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is presently 24.04%.
Analysts Set New Price Targets
A number of research firms recently issued reports on GE. Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating on the stock. Wells Fargo & Company lifted their target price on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, UBS Group lifted their price objective on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, General Electric currently has an average rating of "Moderate Buy" and an average target price of $211.31.
Get Our Latest Stock Report on GE
General Electric Company 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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