General Electric (NYSE:GE) Stock Holdings Trimmed by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. decreased its holdings in General Electric (NYSE:GE - Free Report) by 65.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,483 shares of the conglomerate's stock after selling 4,672 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in General Electric were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Aveo Capital Partners LLC acquired a new position in General Electric in the fourth quarter valued at $203,000. Eagle Asset Management Inc. grew its holdings in shares of General Electric by 24.9% during the 4th quarter. Eagle Asset Management Inc. now owns 53,783 shares of the conglomerate's stock worth $6,864,000 after purchasing an additional 10,705 shares during the period. Jones Financial Companies Lllp increased its position in General Electric by 6.5% during the 4th quarter. Jones Financial Companies Lllp now owns 3,439 shares of the conglomerate's stock worth $439,000 after purchasing an additional 210 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in General Electric in the fourth quarter valued at approximately $239,000. Finally, Rafferty Asset Management LLC lifted its position in General Electric by 5.5% during the fourth quarter. Rafferty Asset Management LLC now owns 91,297 shares of the conglomerate's stock valued at $11,652,000 after buying an additional 4,735 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GE shares. Wells Fargo & Company increased their price objective on shares of General Electric from $192.00 to $205.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Jefferies Financial Group raised their price objective on General Electric from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, June 28th. StockNews.com cut General Electric from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. UBS Group increased their target price on General Electric from $201.00 to $209.00 and gave the company a "buy" rating in a research note on Monday, July 1st. Finally, Barclays boosted their price target on General Electric from $175.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $191.36.

General Electric Stock Up 0.1 %

GE stock traded up $0.12 during mid-day trading on Wednesday, hitting $186.42. 2,878,979 shares of the company were exchanged, compared to its average volume of 6,537,825. The company has a market capitalization of $204.06 billion, a PE ratio of 61.40, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The firm has a fifty day simple moving average of $172.31 and a 200 day simple moving average of $169.45. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a twelve month low of $84.42 and a twelve month high of $190.88.

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

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric's dividend payout ratio (DPR) is 36.72%.

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.