New York State Teachers Retirement System Has $163.74 Million Stake in General Electric (NYSE:GE)

New York State Teachers Retirement System reduced its holdings in General Electric (NYSE:GE - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 981,695 shares of the conglomerate's stock after selling 55,596 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of General Electric worth $163,737,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Toth Financial Advisory Corp bought a new stake in shares of General Electric during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new position in General Electric in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in General Electric in the 3rd quarter valued at $27,000. Hager Investment Management Services LLC acquired a new stake in shares of General Electric in the 4th quarter valued at $27,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of General Electric during the third quarter worth $28,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on GE shares. Wells Fargo & Company raised their price target on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Melius Research boosted their price target on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. UBS Group raised their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. upped 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. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, General Electric presently has an average rating of "Moderate Buy" and an average price target of $208.73.

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General Electric Stock Up 0.1 %

Shares of GE traded up $0.26 during midday trading on Monday, hitting $208.62. The stock had a trading volume of 4,267,083 shares, compared to its average volume of 6,009,583. 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 firm has a market cap of $223.91 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. General Electric has a twelve month low of $117.43 and a twelve month high of $211.42. The company has a 50 day simple moving average of $182.66 and a two-hundred day simple moving average of $179.40.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. On average, analysts anticipate that General Electric will post 5.39 EPS for the current year.

General Electric Increases Dividend

The firm also recently disclosed 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is currently 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.