General Electric (NYSE:GE) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its holdings in General Electric (NYSE:GE - Free Report) by 44.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,261 shares of the conglomerate's stock after selling 76,271 shares during the period. Intech Investment Management LLC's holdings in General Electric were worth $15,889,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Truvestments Capital LLC raised its position in shares of General Electric by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock valued at $39,000 after buying an additional 49 shares during the last quarter. Blue Barn Wealth LLC raised its position in shares of General Electric by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock valued at $245,000 after buying an additional 54 shares during the last quarter. Game Plan Financial Advisors LLC raised its position in shares of General Electric by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock valued at $96,000 after buying an additional 55 shares during the last quarter. Red Door Wealth Management LLC raised its position in shares of General Electric by 4.0% during the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock valued at $241,000 after buying an additional 56 shares during the last quarter. Finally, WR Wealth Planners LLC raised its position in shares of General Electric by 30.6% during the fourth quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate's stock valued at $40,000 after buying an additional 56 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GE shares. UBS Group lifted their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, General Electric currently has an average rating of "Moderate Buy" and an average price target of $211.31.

General Electric Stock Up 0.0 %

Shares of GE stock traded up $0.06 on Friday, hitting $203.99. The stock had a trading volume of 7,960,224 shares, compared to its average volume of 5,362,304. 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 business has a 50 day moving average price of $198.63 and a 200 day moving average price of $184.87. The company has a market cap of $218.94 billion, a PE ratio of 34.06, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a one year low of $133.99 and a one year high of $212.19.

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 the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Research analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. 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 yield of 0.71%. General Electric's payout ratio is currently 24.04%.

General Electric Company 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.