Geode Capital Management LLC raised its stake in General Electric (NYSE:GE - Free Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,117,418 shares of the conglomerate's stock after buying an additional 529,457 shares during the quarter. Geode Capital Management LLC owned 2.15% of General Electric worth $3,846,587,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. New Age Alpha Advisors LLC increased its stake in General Electric by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in General Electric in the 4th quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in General Electric during the 4th quarter worth approximately $29,000. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Electric in the fourth quarter valued at approximately $29,000. Finally, Picton Mahoney Asset Management grew its position in General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 68 shares in the last quarter. 74.77% of the stock is owned by institutional investors.
General Electric Trading Down 6.2 %
NYSE GE traded down $12.48 during trading hours on Thursday, reaching $187.29. The company's stock had a trading volume of 10,586,516 shares, compared to its average volume of 5,449,586. General Electric has a 52 week low of $138.01 and a 52 week high of $214.21. 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 $201.01 billion, a P/E ratio of 31.28, a P/E/G ratio of 2.59 and a beta of 1.19. The firm has a fifty day simple moving average of $202.43 and a 200-day simple moving average of $187.12.
General Electric (NYSE:GE - Get Free Report) last announced its 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%. Equities analysts forecast that General Electric will post 5.4 earnings per share 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 paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is currently 24.04%.
Analyst Ratings Changes
Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Citigroup lifted their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company upped their price objective on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Finally, UBS Group lifted their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. 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 a consensus rating of "Moderate Buy" and a consensus target price of $211.31.
Get Our Latest Analysis on General Electric
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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