Guggenheim Capital LLC Trims Stock Position in General Electric (NYSE:GE)

Guggenheim Capital LLC cut its stake in General Electric (NYSE:GE - Free Report) by 43.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,980 shares of the conglomerate's stock after selling 12,904 shares during the quarter. Guggenheim Capital LLC's holdings in General Electric were worth $2,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. LTS One Management LP lifted its holdings in General Electric by 60.6% in the fourth quarter. LTS One Management LP now owns 155,000 shares of the conglomerate's stock valued at $25,852,000 after acquiring an additional 58,500 shares during the period. Chiron Investment Management LLC boosted its position in shares of General Electric by 76.4% in the fourth quarter. Chiron Investment Management LLC now owns 40,124 shares of the conglomerate's stock worth $6,692,000 after purchasing an additional 17,382 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of General Electric in the fourth quarter worth $257,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of General Electric during the 4th quarter valued at $15,854,000. Finally, Value Partners Investments Inc. lifted its stake in shares of General Electric by 5.8% during the 4th quarter. Value Partners Investments Inc. now owns 13,638 shares of the conglomerate's stock valued at $2,275,000 after buying an additional 746 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on GE. Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Bank of America increased their target price on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of General Electric from $203.00 to $212.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. Finally, UBS Group lifted their price objective 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. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.33.

General Electric Trading Down 0.3 %

GE traded down $0.57 on Friday, hitting $181.88. The company had a trading volume of 4,927,432 shares, compared to its average volume of 5,436,847. The business's fifty day simple moving average is $196.12 and its 200 day simple moving average is $186.50. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 12-month low of $148.83 and a 12-month high of $214.21. The company has a market cap of $195.21 billion, a PE ratio of 30.36, a PEG ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities research analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company 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 $0.36 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is currently 24.04%.

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.