Hillsdale Investment Management Inc. lifted its stake in General Electric (NYSE:GE - Free Report) by 450.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,980 shares of the conglomerate's stock after purchasing an additional 1,620 shares during the period. Hillsdale Investment Management Inc.'s holdings in General Electric were worth $330,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its holdings 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 valued at $359,882,000 after acquiring an additional 1,593,413 shares during the last quarter. Raymond James Financial Inc. acquired a new position in General Electric in the fourth quarter valued at approximately $194,208,000. Franklin Resources Inc. increased its stake in General Electric by 206.5% in the third quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate's stock valued at $278,247,000 after purchasing an additional 973,135 shares during the last quarter. State Street Corp raised its holdings in General Electric by 2.1% during the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after purchasing an additional 898,296 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of General Electric by 15,750.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 768,588 shares of the conglomerate's stock worth $138,368,000 after buying an additional 763,739 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Wells Fargo & Company lifted their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Northcoast Research began coverage on General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating on the stock. JPMorgan Chase & Co. upped their target price on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Bank of America lifted their price target on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Two 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 presently has an average rating of "Moderate Buy" and a consensus price target of $211.31.
Read Our Latest Report on GE
General Electric Price Performance
Shares of NYSE GE traded up $1.95 on Tuesday, hitting $212.18. The company's stock had a trading volume of 4,314,312 shares, compared to its average volume of 5,346,589. The stock has a 50 day moving average of $199.41 and a 200-day moving average of $185.47. The company has a market capitalization of $227.73 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a 12-month low of $133.99 and a 12-month high of $212.19. 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 (NYSE:GE - Get Free Report) last posted its earnings results 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%. As a group, research analysts predict that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The company also recently declared 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 of this dividend 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 dividend yield of 0.68%. General Electric's payout ratio is 24.04%.
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.
Featured Stories
Before you consider General Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Electric wasn't on the list.
While General Electric currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
