Good Life Advisors LLC Has $1.35 Million Holdings in General Electric (NYSE:GE)

Good Life Advisors LLC decreased its stake in shares of General Electric (NYSE:GE - Free Report) by 48.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,062 shares of the conglomerate's stock after selling 7,674 shares during the period. Good Life Advisors LLC's holdings in General Electric were worth $1,345,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GE. Jennison Associates LLC grew its holdings in General Electric by 91.8% in the 3rd quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate's stock valued at $1,465,598,000 after buying an additional 3,719,894 shares during the last quarter. International Assets Investment Management LLC grew its holdings in General Electric by 21,069.8% in the 3rd quarter. International Assets Investment Management LLC now owns 3,173,142 shares of the conglomerate's stock valued at $598,391,000 after buying an additional 3,158,153 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of General Electric by 505.8% in the 3rd quarter. Janus Henderson Group PLC now owns 1,908,434 shares of the conglomerate's stock worth $359,882,000 after acquiring an additional 1,593,413 shares during the period. Franklin Resources Inc. lifted its position in shares of General Electric by 206.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate's stock worth $278,247,000 after acquiring an additional 973,135 shares during the period. Finally, State Street Corp lifted its position in shares of General Electric by 2.1% in the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after acquiring an additional 898,296 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

GE has been the subject of a number of research reports. Redburn Atlantic initiated coverage on General Electric in a research report on Tuesday. They issued a "buy" rating and a $250.00 price objective for the company. Bank of America raised their price objective on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. UBS Group raised their price objective on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

General Electric Price Performance

GE stock traded down $8.29 during midday trading on Friday, reaching $200.45. 2,715,655 shares of the company's stock traded hands, compared to its average volume of 5,334,805. The company has a 50-day simple moving average of $185.89 and a two-hundred day simple moving average of $180.43. General Electric has a 1-year low of $119.88 and a 1-year high of $212.19. The company has a market cap of $215.14 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.62 and a beta of 1.22. 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 (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. On average, analysts anticipate that General Electric will post 5.4 earnings per share 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. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. General Electric's dividend payout ratio (DPR) is 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.