Thames Capital Management LLC raised its position in General Electric (NYSE:GE - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,872 shares of the conglomerate's stock after buying an additional 7,228 shares during the quarter. General Electric comprises about 3.5% of Thames Capital Management LLC's portfolio, making the stock its 13th largest position. Thames Capital Management LLC's holdings in General Electric were worth $12,988,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Johnson & White Wealth Management LLC bought a new stake in shares of General Electric during the 4th quarter worth $733,000. Chung Wu Investment Group LLC bought a new position in shares of General Electric in the fourth quarter worth about $795,000. Soltis Investment Advisors LLC grew its holdings in shares of General Electric by 269.8% during 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 during the last quarter. National Bank of Canada FI increased its position in General Electric by 2.9% during the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate's stock worth $177,535,000 after purchasing an additional 29,844 shares in the last quarter. Finally, World Investment Advisors LLC lifted its stake in 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 during the last quarter. 74.77% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on GE. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Bank of America raised their price objective 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company dropped their price target on shares of General Electric from $250.00 to $203.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, General Electric has an average rating of "Moderate Buy" and a consensus price target of $212.73.
View Our Latest Report on GE
General Electric Price Performance
Shares of General Electric stock traded down $6.25 on Thursday, reaching $181.02. The stock had a trading volume of 4,199,350 shares, compared to its average volume of 5,472,270. The business's 50 day moving average is $199.23 and its two-hundred day moving average is $186.70. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $194.29 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. General Electric has a 1 year low of $146.78 and a 1 year high of $214.21.
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 (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, research analysts anticipate that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.80%. General Electric's payout ratio is 24.04%.
General Electric Company Profile
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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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