QRG Capital Management Inc. Buys 6,005 Shares of General Electric (NYSE:GE)

QRG Capital Management Inc. lifted its position in shares of General Electric (NYSE:GE - Free Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 270,494 shares of the conglomerate's stock after purchasing an additional 6,005 shares during the period. QRG Capital Management Inc.'s holdings in General Electric were worth $45,116,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Valley Wealth Managers Inc. purchased a new stake in shares of General Electric during the third quarter worth about $25,000. Hager Investment Management Services LLC acquired a new position in General Electric in the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new position in shares of General Electric during the 3rd quarter valued at $28,000. Sugar Maple Asset Management LLC bought a new position in General Electric during the fourth quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric during the 3rd quarter worth about $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Price Performance

General Electric stock traded down $5.07 during midday trading on Monday, reaching $201.91. 4,911,770 shares of the company were exchanged, compared to its average volume of 5,258,953. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market capitalization of $216.71 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 2.59 and a beta of 1.22. The firm's 50-day simple moving average is $190.24 and its 200-day simple moving average is $182.20. General Electric has a 1 year low of $125.26 and a 1 year high of $212.19.

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General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts' consensus estimates 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 5.4 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. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.71%. General Electric's dividend payout ratio is currently 24.04%.

Analyst Ratings Changes

A number of research firms recently issued reports on GE. JPMorgan Chase & Co. lifted their price target on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Bank of America lifted their price target on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, UBS Group raised their price target 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $211.31.

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.