May Hill Capital LLC Invests $289,000 in General Electric (NYSE:GE)

May Hill Capital LLC acquired a new stake in General Electric (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,735 shares of the conglomerate's stock, valued at approximately $289,000.

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

Wall Street Analysts Forecast Growth

GE has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Citigroup increased their price target on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. UBS Group boosted their price objective on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Wells Fargo & Company increased their target price on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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General Electric Price Performance

NYSE GE traded down $12.47 during trading hours on Thursday, hitting $187.30. 12,747,869 shares of the company's stock traded hands, compared to its average volume of 5,455,384. General Electric has a 52-week low of $138.01 and a 52-week high of $214.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $201.03 billion, a PE ratio of 31.27, a PEG ratio of 2.59 and a beta of 1.19. The firm's 50-day moving average is $202.43 and its 200-day moving average is $187.12.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings results 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 net margin of 14.31% and a return on equity of 22.19%. Equities analysts forecast that General Electric will post 5.4 EPS for the current fiscal 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 paid a $0.36 dividend. This is a boost from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.77%. General Electric's dividend payout ratio is 24.04%.

About General Electric

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.