Rockefeller Capital Management L.P. Has $60.84 Million Stock Holdings in General Electric (NYSE:GE)

Rockefeller Capital Management L.P. reduced its stake in shares of General Electric (NYSE:GE - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 364,720 shares of the conglomerate's stock after selling 210,179 shares during the period. Rockefeller Capital Management L.P.'s holdings in General Electric were worth $60,838,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jaffetilchin Investment Partners LLC lifted its stake in General Electric by 1.9% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 13,648 shares of the conglomerate's stock valued at $2,276,000 after acquiring an additional 250 shares during the last quarter. Argent Trust Co lifted its stake in shares of General Electric by 1.6% in the 4th quarter. Argent Trust Co now owns 10,486 shares of the conglomerate's stock valued at $1,749,000 after purchasing an additional 166 shares during the last quarter. Legacy Financial Advisors Inc. boosted its holdings in General Electric by 11.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,805 shares of the conglomerate's stock worth $1,135,000 after purchasing an additional 689 shares in the last quarter. Scotia Capital Inc. increased its position in General Electric by 125.4% during the fourth quarter. Scotia Capital Inc. now owns 43,794 shares of the conglomerate's stock worth $7,305,000 after buying an additional 24,363 shares during the last quarter. Finally, CenterBook Partners LP raised its holdings in General Electric by 25.8% during the fourth quarter. CenterBook Partners LP now owns 12,315 shares of the conglomerate's stock valued at $2,054,000 after buying an additional 2,526 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

GE has been the topic of a number of recent analyst reports. UBS Group raised their price objective on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Redburn Atlantic assumed coverage on shares of General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Bank of America lifted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Citigroup decreased their price target on shares of General Electric from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Northcoast Research upgraded General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price objective on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $213.33.

General Electric Price Performance

Shares of GE traded down $0.26 on Tuesday, hitting $185.74. The company's stock had a trading volume of 4,998,296 shares, compared to its average volume of 5,466,825. The company has a market capitalization of $199.35 billion, a PE ratio of 31.01, a PEG ratio of 2.59 and a beta of 1.04. General Electric has a fifty-two week low of $146.78 and a fifty-two week high of $214.21. The company has a 50 day moving average price of $197.99 and a 200 day moving average price of $186.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, research analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is presently 24.04%.

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.