General Electric (NYSE:GE) Shares Purchased by Scotia Capital Inc.

Scotia Capital Inc. increased its position in General Electric (NYSE:GE - Free Report) by 125.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,794 shares of the conglomerate's stock after buying an additional 24,363 shares during the period. Scotia Capital Inc.'s holdings in General Electric were worth $7,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Johnson & White Wealth Management LLC acquired a new stake in shares of General Electric in the fourth quarter worth approximately $733,000. Chung Wu Investment Group LLC purchased a new position in General Electric during the fourth quarter worth approximately $795,000. National Bank of Canada FI boosted its holdings in shares of General Electric by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate's stock valued at $177,535,000 after purchasing an additional 29,844 shares during the last quarter. World Investment Advisors LLC grew its stake in shares of General Electric by 60.7% during the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after buying an additional 5,162 shares during the period. Finally, National Pension Service increased its holdings in shares of General Electric by 1.7% during the 4th quarter. National Pension Service now owns 2,254,637 shares of the conglomerate's stock worth $376,051,000 after buying an additional 37,884 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on GE. Redburn Atlantic started coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Northcoast Research raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, UBS Group upped 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. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.33.

General Electric Stock Up 1.1 %

NYSE GE traded up $2.02 during trading hours on Tuesday, reaching $188.02. 1,792,701 shares of the company traded hands, compared to its average volume of 5,458,350. The company has a 50 day moving average of $197.99 and a two-hundred day moving average of $186.61. The stock has a market capitalization of $201.80 billion, a PE ratio of 31.39, a PEG ratio of 2.59 and a beta of 1.04. General Electric has a 12 month low of $146.78 and a 12 month high of $214.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

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

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's dividend payout ratio is currently 24.04%.

About General Electric

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.