Plato Investment Management Ltd Increases Stake in General Electric (NYSE:GE)

Plato Investment Management Ltd lifted its position in General Electric (NYSE:GE - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,194 shares of the conglomerate's stock after buying an additional 2,209 shares during the period. Plato Investment Management Ltd's holdings in General Electric were worth $5,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of GE. SBI Securities Co. Ltd. purchased a new stake in shares of General Electric during the 4th quarter valued at about $1,758,000. Jones Financial Companies Lllp grew its stake in General Electric by 41.9% during the fourth quarter. Jones Financial Companies Lllp now owns 36,576 shares of the conglomerate's stock valued at $6,101,000 after acquiring an additional 10,805 shares in the last quarter. MMA Asset Management LLC purchased a new stake in shares of General Electric in the fourth quarter worth about $364,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Electric during the 4th quarter worth approximately $174,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of General Electric by 32.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,040 shares of the conglomerate's stock worth $1,183,000 after buying an additional 1,712 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Citigroup increased their target price on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Wells Fargo & Company upped their price target on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Finally, UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $211.31.

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General Electric Stock Performance

NYSE:GE traded down $6.44 during trading hours on Thursday, hitting $196.06. 5,594,984 shares of the company were exchanged, compared to its average volume of 5,320,822. The stock has a market capitalization of $210.43 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 2.59 and a beta of 1.19. 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's 50 day moving average price is $192.06 and its 200-day moving average price is $182.77. General Electric has a 52-week low of $129.26 and a 52-week high of $212.19.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates 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, research analysts forecast that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.73%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is presently 24.04%.

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.