Headlands Technologies LLC lifted its position in General Electric (NYSE:GE - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,343 shares of the conglomerate's stock after buying an additional 1,682 shares during the quarter. Headlands Technologies LLC's holdings in General Electric were worth $1,558,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of GE. Truvestments Capital LLC raised its stake in shares of General Electric by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock worth $39,000 after buying an additional 49 shares during the period. Ballast Advisors LLC increased its holdings in General Electric by 2.5% in the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate's stock worth $349,000 after acquiring an additional 51 shares in the last quarter. Blue Barn Wealth LLC raised its stake in General Electric by 3.8% during the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock worth $245,000 after acquiring an additional 54 shares during the period. Game Plan Financial Advisors LLC lifted its holdings in General Electric by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock valued at $96,000 after purchasing an additional 55 shares in the last quarter. Finally, Red Door Wealth Management LLC boosted its position in shares of General Electric by 4.0% in the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock worth $241,000 after purchasing an additional 56 shares during the period. 74.77% of the stock is currently owned by institutional investors.
General Electric Price Performance
Shares of General Electric stock traded down $12.47 during trading hours on Thursday, reaching $187.30. The company's stock had a trading volume of 12,747,869 shares, compared to its average volume of 5,455,384. The firm has a 50 day moving average price of $202.43 and a 200-day moving average price of $187.12. 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 stock has a market cap of $201.03 billion, a P/E ratio of 31.27, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a one year low of $138.01 and a one year high of $214.21.
General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. On average, analysts predict that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.77%. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is presently 24.04%.
Analyst Ratings Changes
A number of research analysts recently weighed in on GE shares. Bank of America lifted 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. Northcoast Research started coverage on General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Redburn Atlantic assumed coverage on General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Wells Fargo & Company boosted their price target on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.
Read Our Latest Analysis on GE
General Electric Profile
(
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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