General Electric (NYSE:GE) Shares Acquired by SageView Advisory Group LLC

SageView Advisory Group LLC boosted its stake in shares of General Electric (NYSE:GE - Free Report) by 31.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,567 shares of the conglomerate's stock after acquiring an additional 2,275 shares during the period. SageView Advisory Group LLC's holdings in General Electric were worth $1,596,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. New Age Alpha Advisors LLC grew its position in General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in General Electric during the 4th quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in General Electric in the fourth quarter worth $28,000. Sugar Maple Asset Management LLC bought a new position in General Electric during the fourth quarter valued at $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in shares of General Electric in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

GE has been the topic of several recent analyst reports. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Northcoast Research upgraded General Electric from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research report on Wednesday, April 9th. 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 report on Friday, January 24th. 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $213.33.

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General Electric Stock Down 0.1 %

General Electric stock traded down $0.26 during trading hours on Tuesday, reaching $185.74. The stock had a trading volume of 4,998,296 shares, compared to its average volume of 5,466,825. General Electric has a 52 week low of $146.78 and a 52 week high of $214.21. The company has a market cap of $199.35 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 2.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The business's 50 day moving average price is $197.99 and its 200-day moving average price is $186.61.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.78%. The ex-dividend date is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is currently 24.04%.

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.