Natixis Advisors LLC Has $103.03 Million Stock Position in General Electric (NYSE:GE)

Natixis Advisors LLC boosted its stake in General Electric (NYSE:GE - Free Report) by 15.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 648,106 shares of the conglomerate's stock after acquiring an additional 86,609 shares during the quarter. Natixis Advisors LLC owned 0.06% of General Electric worth $103,030,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MFA Wealth Advisors LLC bought a new stake in General Electric during the 2nd quarter worth about $31,000. Kapitalo Investimentos Ltda acquired a new position in shares of General Electric during the 4th quarter worth about $32,000. Financial Connections Group Inc. acquired a new position in shares of General Electric during the 2nd quarter worth about $32,000. Richardson Financial Services Inc. acquired a new position in shares of General Electric during the 1st quarter worth about $34,000. Finally, Macroview Investment Management LLC increased its stake in shares of General Electric by 37.9% during the 2nd quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate's stock worth $34,000 after purchasing an additional 58 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

General Electric Stock Performance

NYSE GE traded up $1.04 during trading on Friday, reaching $174.62. The company's stock had a trading volume of 5,295,576 shares, compared to its average volume of 4,164,248. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $189.34 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.21. General Electric has a 12 month low of $84.42 and a 12 month high of $177.20. The firm has a 50 day moving average price of $165.18 and a 200 day moving average price of $162.66.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.21. The firm had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. As a group, equities analysts anticipate that General Electric will post 4.2 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Thursday, July 11th. General Electric's dividend payout ratio (DPR) is presently 36.72%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GE. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of General Electric from $195.00 to $209.00 and gave the stock a "buy" rating in a research note on Monday, June 10th. Barclays boosted their price objective on shares of General Electric from $175.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on shares of General Electric from $175.00 to $190.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 24th. StockNews.com lowered shares of General Electric from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. Finally, UBS Group upped their price target on shares of General Electric from $201.00 to $209.00 and gave the company a "buy" rating in a research note on Monday, July 1st. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, General Electric presently has an average rating of "Moderate Buy" and a consensus target price of $190.38.

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.