1,657 Shares in General Electric (NYSE:GE) Purchased by Hamilton Capital Partners LLC

Hamilton Capital Partners LLC acquired a new stake in shares of General Electric (NYSE:GE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,657 shares of the conglomerate's stock, valued at approximately $276,000. General Electric makes up 0.2% of Hamilton Capital Partners LLC's investment portfolio, making the stock its 25th largest position.

Several other institutional investors have also added to or reduced their stakes in the company. Lifeworks Advisors LLC increased its holdings in shares of General Electric by 35.5% during the fourth quarter. Lifeworks Advisors LLC now owns 1,853 shares of the conglomerate's stock worth $309,000 after buying an additional 485 shares in the last quarter. Intellectus Partners LLC increased its holdings in shares of General Electric by 19.2% during the fourth quarter. Intellectus Partners LLC now owns 2,096 shares of the conglomerate's stock worth $350,000 after buying an additional 338 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of General Electric by 12.1% during the fourth quarter. Larson Financial Group LLC now owns 30,533 shares of the conglomerate's stock worth $5,093,000 after buying an additional 3,301 shares in the last quarter. HM Payson & Co. increased its holdings in shares of General Electric by 10.7% during the fourth quarter. HM Payson & Co. now owns 24,903 shares of the conglomerate's stock worth $4,154,000 after buying an additional 2,412 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new position in shares of General Electric during the fourth quarter worth $76,598,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

GE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Bank of America upped their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Citigroup boosted their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Redburn Atlantic initiated coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, General Electric presently has a consensus rating of "Moderate Buy" and an average price target of $211.31.

General Electric Trading Down 1.0 %

GE traded down $1.97 during trading on Friday, reaching $194.08. 7,681,174 shares of the stock traded hands, compared to its average volume of 5,375,542. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $208.31 billion, a PE ratio of 32.40, a P/E/G ratio of 2.59 and a beta of 1.19. The stock's 50-day moving average is $193.02 and its 200 day moving average is $183.20. General Electric has a 12 month low of $130.38 and a 12 month high of $212.19.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is currently 24.04%.

General Electric 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.