National Pension Service Grows Holdings in General Electric (NYSE:GE)

National Pension Service raised its holdings in General Electric (NYSE:GE - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,254,637 shares of the conglomerate's stock after purchasing an additional 37,884 shares during the period. National Pension Service owned 0.21% of General Electric worth $376,051,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Advisor OS LLC grew its stake in General Electric by 26.5% during the fourth quarter. Advisor OS LLC now owns 6,142 shares of the conglomerate's stock valued at $1,024,000 after acquiring an additional 1,286 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in General Electric by 2.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 6,367 shares of the conglomerate's stock valued at $1,064,000 after purchasing an additional 168 shares during the last quarter. Cavalier Investments LLC lifted its position in General Electric by 4.2% during the fourth quarter. Cavalier Investments LLC now owns 22,489 shares of the conglomerate's stock valued at $3,751,000 after purchasing an additional 912 shares during the last quarter. FFT Wealth Management LLC bought a new stake in General Electric during the fourth quarter valued at approximately $338,000. Finally, Longbow Finance SA bought a new stake in General Electric during the fourth quarter valued at approximately $9,258,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Trading Up 2.9 %

NYSE:GE traded up $5.79 during midday trading on Friday, reaching $207.22. 6,116,408 shares of the stock traded hands, compared to its average volume of 5,268,165. The company has a fifty day moving average of $190.24 and a 200 day moving average of $182.00. General Electric has a 12 month low of $124.08 and a 12 month high of $212.19. 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 stock has a market capitalization of $222.40 billion, a P/E ratio of 34.59, a PEG ratio of 2.59 and a beta of 1.22.

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General Electric (NYSE:GE - Get Free Report) last posted its quarterly 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%. On average, research analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. General Electric's payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

GE has been the subject of several research analyst reports. UBS Group lifted their target price on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. 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 lifted their target price on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Finally, Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $211.31.

General Electric 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.