Zeno Equity Partners LLP Has $34.49 Million Stock Holdings in General Electric (NYSE:GE)

Zeno Equity Partners LLP lowered its position in shares of General Electric (NYSE:GE - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 206,492 shares of the conglomerate's stock after selling 12,013 shares during the quarter. General Electric makes up approximately 10.3% of Zeno Equity Partners LLP's holdings, making the stock its 3rd biggest holding. Zeno Equity Partners LLP's holdings in General Electric were worth $34,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GE. Wulff Hansen & CO. boosted its holdings in shares of General Electric by 12.3% in the 4th quarter. Wulff Hansen & CO. now owns 11,265 shares of the conglomerate's stock valued at $1,879,000 after purchasing an additional 1,232 shares during the last quarter. Vinva Investment Management Ltd boosted its holdings in shares of General Electric by 52.3% in the 4th quarter. Vinva Investment Management Ltd now owns 31,019 shares of the conglomerate's stock valued at $5,214,000 after purchasing an additional 10,653 shares during the last quarter. Bank of Marin acquired a new position in shares of General Electric in the 4th quarter valued at $246,000. VSM Wealth Advisory LLC acquired a new position in shares of General Electric in the 4th quarter valued at $38,000. Finally, Xponance Inc. boosted its holdings in shares of General Electric by 1.4% in the 4th quarter. Xponance Inc. now owns 176,264 shares of the conglomerate's stock valued at $29,399,000 after purchasing an additional 2,490 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

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Analyst Ratings Changes

GE has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Citigroup lifted their price target on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Redburn Atlantic assumed coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating on the stock. Finally, Bank of America raised their target price on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $211.31.

General Electric Stock Up 0.0 %

General Electric stock traded up $0.06 during midday trading on Friday, hitting $203.99. 7,960,224 shares of the stock were exchanged, compared to its average volume of 5,356,361. General Electric has a 1 year low of $133.99 and a 1 year high of $212.19. The firm has a market cap of $218.94 billion, a P/E ratio of 34.06, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a 50 day moving average price of $198.63 and a two-hundred day moving average price of $185.15.

General Electric (NYSE:GE - Get Free Report) last released 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 net margin of 14.31% and a return on equity of 22.19%. On average, sell-side analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is an increase from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.71%. General Electric's payout ratio is 24.04%.

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.