iA Global Asset Management Inc. raised its stake in shares of General Electric (NYSE:GE - Free Report) by 109.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,797 shares of the conglomerate's stock after buying an additional 91,936 shares during the period. iA Global Asset Management Inc.'s holdings in General Electric were worth $29,321,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in GE. RPg Family Wealth Advisory LLC bought a new stake in General Electric during the third quarter worth approximately $30,000. Hager Investment Management Services LLC acquired a new stake in shares of General Electric in the fourth quarter worth $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Electric during the 4th quarter worth $29,000. CBIZ Investment Advisory Services LLC acquired a new position in General Electric in the 4th quarter valued at $29,000. Finally, Picton Mahoney Asset Management raised its holdings 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 acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.
General Electric Price Performance
Shares of GE stock traded up $6.43 during mid-day trading on Monday, reaching $210.56. The company's stock had a trading volume of 4,041,531 shares, compared to its average volume of 5,351,109. The firm's 50-day moving average is $199.41 and its two-hundred day moving average is $185.47. The company has a market cap of $225.99 billion, a P/E ratio of 35.15, a PEG ratio of 2.59 and a beta of 1.19. General Electric has a 1-year low of $133.99 and a 1-year high of $212.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.
General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data 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, research analysts predict 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. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.68%. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is currently 24.04%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on GE shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. UBS Group raised their target price on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Northcoast Research started coverage on General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating for the company. Finally, Redburn Atlantic began coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Two 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $211.31.
Check Out Our Latest Stock 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.
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.
