Alerus Financial NA Has $6.60 Million Position in General Electric (NYSE:GE)

Alerus Financial NA trimmed its position in shares of General Electric (NYSE:GE - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,575 shares of the conglomerate's stock after selling 2,622 shares during the period. Alerus Financial NA's holdings in General Electric were worth $6,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GE. New Age Alpha Advisors LLC raised its holdings in shares of General Electric by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in shares of General Electric during the 4th quarter worth about $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Electric during the 4th quarter worth about $29,000. CBIZ Investment Advisory Services LLC bought a new position in shares of General Electric in the 4th quarter valued at approximately $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in General Electric in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Price Performance

NYSE:GE traded down $1.18 during mid-day trading on Monday, hitting $198.71. The company's stock had a trading volume of 2,345,863 shares, compared to its average volume of 5,480,300. The company has a market capitalization of $213.27 billion, a price-to-earnings ratio of 33.20, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a fifty-two week low of $133.99 and a fifty-two week high of $214.21. The stock has a fifty day moving average of $201.52 and a 200-day moving average of $186.64.

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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, 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, equities analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is 24.04%.

Analyst Upgrades and Downgrades

GE has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target 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. UBS Group raised their price target on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Northcoast Research initiated coverage on General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating for the company. JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, Bank of America increased their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Two 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, General Electric has an average rating of "Moderate Buy" and a consensus target price of $211.31.

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.