Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of General Electric (NYSE:GE - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 457,321 shares of the conglomerate's stock after acquiring an additional 21,368 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in General Electric were worth $76,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the business. Paloma Partners Management Co bought a new stake in General Electric during the 3rd quarter worth approximately $270,000. Quarry LP increased its stake in shares of General Electric by 564.7% in the third quarter. Quarry LP now owns 226 shares of the conglomerate's stock worth $43,000 after purchasing an additional 192 shares in the last quarter. Stifel Financial Corp raised its position in shares of General Electric by 10.0% during the 3rd quarter. Stifel Financial Corp now owns 664,660 shares of the conglomerate's stock valued at $125,345,000 after purchasing an additional 60,643 shares during the period. Temasek Holdings Private Ltd lifted its stake in shares of General Electric by 49.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 228,907 shares of the conglomerate's stock valued at $43,167,000 after buying an additional 75,580 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in General Electric in the 3rd quarter worth $6,733,000. Institutional investors own 74.77% of the company's stock.
General Electric Price Performance
Shares of NYSE GE traded up $1.43 during mid-day trading on Wednesday, hitting $170.80. 3,369,528 shares of the company's stock traded hands, compared to its average volume of 5,453,931. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1 year low of $146.78 and a 1 year high of $214.21. The company's 50-day moving average is $199.92 and its two-hundred day moving average is $186.71. The company has a market capitalization of $183.32 billion, a P/E ratio of 28.52, a PEG ratio of 2.59 and a beta of 1.04.
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 (EPS) 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, equities analysts anticipate that General Electric will post 5.4 EPS for the current fiscal 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 given a $0.36 dividend. The ex-dividend date is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.84%. General Electric's dividend payout ratio (DPR) is currently 24.04%.
Analyst Upgrades and Downgrades
A number of research firms have commented on GE. Wells Fargo & Company decreased their price target on General Electric from $250.00 to $203.00 and set an "overweight" rating on the stock in a report on Tuesday. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Bank of America boosted their price target on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Redburn Atlantic started coverage on shares of General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $211.19.
Read Our Latest Analysis on GE
About General Electric
(
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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