Natural Investments LLC Makes New Investment in General Electric (NYSE:GE)

Natural Investments LLC bought a new stake in shares of General Electric (NYSE:GE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,494 shares of the conglomerate's stock, valued at approximately $249,000.

Several other hedge funds also recently modified their holdings of the stock. Fairway Wealth LLC boosted its position in shares of General Electric by 218.8% during the fourth quarter. Fairway Wealth LLC now owns 322 shares of the conglomerate's stock valued at $54,000 after buying an additional 221 shares during the last quarter. Founders Financial Alliance LLC boosted its position in General Electric by 2.8% in the fourth quarter. Founders Financial Alliance LLC now owns 3,570 shares of the conglomerate's stock worth $595,000 after purchasing an additional 97 shares during the last quarter. Cornerstone Advisors LLC boosted its position in General Electric by 3.6% in the fourth quarter. Cornerstone Advisors LLC now owns 52,300 shares of the conglomerate's stock worth $8,723,000 after purchasing an additional 1,800 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in General Electric by 28.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 11,048 shares of the conglomerate's stock worth $1,843,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its position in General Electric by 10.3% in the fourth quarter. Sage Mountain Advisors LLC now owns 4,842 shares of the conglomerate's stock worth $808,000 after purchasing an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

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General Electric Trading Down 1.4 %

Shares of GE traded down $2.72 during mid-day trading on Thursday, hitting $192.28. 3,834,830 shares of the company's stock traded hands, compared to its average volume of 5,346,790. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 1 year low of $131.91 and a 1 year high of $212.19. The firm has a market capitalization of $206.37 billion, a P/E ratio of 32.10, a PEG ratio of 2.59 and a beta of 1.19. The business's 50-day moving average price is $195.04 and its 200-day moving average price is $183.64.

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 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%. As a group, sell-side analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on GE shares. Bank of America boosted their price objective on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Northcoast Research started coverage on General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating on the stock. UBS Group upped their price objective on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Wells Fargo & Company upped their price objective on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.