Sei Investments Co. Has $175.11 Million Stock Position in General Electric (NYSE:GE)

Sei Investments Co. raised its holdings in General Electric (NYSE:GE - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,049,868 shares of the conglomerate's stock after purchasing an additional 3,840 shares during the period. Sei Investments Co. owned about 0.10% of General Electric worth $175,106,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GE. Hager Investment Management Services LLC bought a new stake in shares of General Electric in the 4th quarter worth approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Electric during the fourth quarter valued at $29,000. CBIZ Investment Advisory Services LLC bought a new position in shares of General Electric during the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of General Electric in the 3rd quarter worth about $30,000. Finally, Picton Mahoney Asset Management lifted its position in General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 68 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GE has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They set a "neutral" rating on the stock. UBS Group increased their target price 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. Finally, Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, General Electric presently has an average rating of "Moderate Buy" and an average target price of $211.31.

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General Electric Stock Up 0.8 %

Shares of General Electric stock traded up $1.61 during midday trading on Tuesday, reaching $211.84. 1,800,860 shares of the company's stock traded hands, compared to its average volume of 5,156,870. General Electric has a 52 week low of $133.99 and a 52 week high of $212.76. The company's 50 day simple moving average is $199.41 and its 200 day simple moving average is $185.47. 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 cap of $227.37 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last issued 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 return on equity of 22.19% and a net margin of 14.31%. Equities analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. 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.