General Electric (NYSE:GE) Stock Position Raised by Hoey Investments Inc.

Hoey Investments Inc. grew its stake in shares of General Electric (NYSE:GE - Free Report) by 18.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,563 shares of the conglomerate's stock after buying an additional 5,952 shares during the period. General Electric accounts for 1.1% of Hoey Investments Inc.'s investment portfolio, making the stock its 11th biggest position. Hoey Investments Inc.'s holdings in General Electric were worth $6,265,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC raised its holdings in General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of General Electric in the fourth quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new position in General Electric in the fourth quarter valued at $29,000. CBIZ Investment Advisory Services LLC purchased a new position in General Electric during the fourth quarter worth about $29,000. Finally, Picton Mahoney Asset Management boosted its stake in General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock worth $30,000 after buying an additional 68 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Stock Down 4.2 %

Shares of GE traded down $8.42 during trading on Thursday, reaching $191.35. The company's stock had a trading volume of 7,228,279 shares, compared to its average volume of 5,434,956. The company has a market cap of $205.37 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 2.59 and a beta of 1.19. 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 company has a fifty day moving average of $202.43 and a two-hundred day moving average of $187.12. General Electric has a twelve month low of $138.01 and a twelve month high of $214.21.

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General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, sell-side analysts predict that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.75%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is presently 24.04%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Redburn Atlantic started coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Citigroup boosted their price target on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Bank of America raised their price target on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, General Electric currently has a consensus rating of "Moderate Buy" and an average target price of $211.31.

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.