Otter Creek Advisors LLC Buys 1,500 Shares of General Electric (NYSE:GE)

Otter Creek Advisors LLC raised its stake in General Electric (NYSE:GE - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,234 shares of the conglomerate's stock after purchasing an additional 1,500 shares during the quarter. General Electric makes up about 3.0% of Otter Creek Advisors LLC's portfolio, making the stock its 22nd biggest holding. Otter Creek Advisors LLC's holdings in General Electric were worth $4,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GE. Valley Wealth Managers Inc. acquired a new stake in General Electric in the 3rd quarter valued at about $25,000. Peterson Financial Group Inc. bought a new stake in General Electric in the third quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of General Electric in the third quarter valued at approximately $30,000. Hager Investment Management Services LLC bought a new position in shares of General Electric during the 4th quarter worth approximately $27,000. Finally, Costello Asset Management INC increased its holdings in shares of General Electric by 92.0% during the 3rd quarter. Costello Asset Management INC now owns 167 shares of the conglomerate's stock worth $31,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Price Performance

GE traded up $5.79 on Friday, hitting $207.22. 6,116,408 shares of the stock were exchanged, compared to its average volume of 5,268,165. The firm has a market capitalization of $222.40 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 12 month low of $124.08 and a 12 month high of $212.19. The business has a 50-day moving average of $190.24 and a two-hundred day moving average of $182.10.

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General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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 forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.69%. 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%.

Analyst Ratings Changes

A number of research firms have commented on GE. UBS Group lifted their price objective 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. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating for the company. Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Bank of America increased their price target on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and a consensus target price 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.