General Electric (NYSE:GE) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in General Electric (NYSE:GE - Free Report) by 44.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 572,218 shares of the conglomerate's stock after purchasing an additional 177,242 shares during the period. Teacher Retirement System of Texas owned about 0.05% of General Electric worth $95,440,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Johnson & White Wealth Management LLC acquired a new stake in shares of General Electric during the fourth quarter worth approximately $733,000. Chung Wu Investment Group LLC bought a new position in General Electric during the 4th quarter valued at $795,000. State Street Corp increased its position in shares of General Electric by 2.1% in the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after purchasing an additional 898,296 shares during the last quarter. Soltis Investment Advisors LLC raised its stake in shares of General Electric by 269.8% in the 3rd quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock valued at $5,318,000 after purchasing an additional 20,575 shares in the last quarter. Finally, World Investment Advisors LLC raised its stake 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 valued at $2,576,000 after purchasing an additional 5,162 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Stock Performance

Shares of NYSE:GE traded up $6.43 on Monday, hitting $210.56. The company's stock had a trading volume of 4,041,531 shares, compared to its average volume of 5,351,104. General Electric has a 12 month low of $133.99 and a 12 month high of $212.19. The stock's 50-day moving average is $198.63 and its two-hundred day moving average is $185.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market capitalization of $225.99 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

Remove Ads

General Electric (NYSE:GE - Get Free Report) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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%. On average, equities research analysts forecast 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. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's dividend payout ratio (DPR) is presently 24.04%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GE. Redburn Atlantic began coverage on General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Citigroup boosted their price target on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. JPMorgan Chase & Co. boosted their target price 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, UBS Group raised their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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.