New Mexico Educational Retirement Board Reduces Position in General Electric (NYSE:GE)

New Mexico Educational Retirement Board lowered its position in General Electric (NYSE:GE - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,677 shares of the conglomerate's stock after selling 1,800 shares during the period. New Mexico Educational Retirement Board's holdings in General Electric were worth $8,619,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Toth Financial Advisory Corp acquired a new position in shares of General Electric in the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of General Electric in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in shares of General Electric during the 3rd quarter valued at $27,000. Hager Investment Management Services LLC acquired a new position in shares of General Electric during the 4th quarter valued at $27,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of General Electric during the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GE shares. JPMorgan Chase & Co. boosted their target price on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped 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 report on Thursday, January 2nd. Melius Research boosted their target price on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Redburn Atlantic started coverage on shares of General Electric in a research report on Tuesday. They set a "buy" rating and a $250.00 target price on the stock. Finally, UBS Group boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $211.31.

General Electric Stock Up 0.8 %

Shares of NYSE GE traded up $1.67 during trading on Tuesday, hitting $209.94. The stock had a trading volume of 4,395,356 shares, compared to its average volume of 5,586,972. General Electric has a 12 month low of $118.13 and a 12 month high of $212.19. 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 $225.33 billion, a PE ratio of 35.05, a PEG ratio of 2.56 and a beta of 1.22. The firm has a fifty day moving average of $183.40 and a two-hundred day moving average of $179.67.

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, 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%. As a group, equities research analysts forecast that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.69%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is presently 18.70%.

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.