Settian Capital LP Boosts Holdings in General Electric (NYSE:GE)

Settian Capital LP increased its position in General Electric (NYSE:GE - Free Report) by 400.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the conglomerate's stock after purchasing an additional 8,000 shares during the period. General Electric accounts for 1.2% of Settian Capital LP's portfolio, making the stock its 21st biggest position. Settian Capital LP's holdings in General Electric were worth $1,668,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in shares of General Electric by 2.1% in the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after purchasing an additional 898,296 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of General Electric by 0.7% in the third quarter. Geode Capital Management LLC now owns 22,587,961 shares of the conglomerate's stock worth $4,244,676,000 after buying an additional 156,272 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of General Electric by 1.4% during the fourth quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after buying an additional 106,891 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of General Electric by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,766,421 shares of the conglomerate's stock valued at $1,128,571,000 after acquiring an additional 115,257 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in General Electric by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,732,817 shares of the conglomerate's stock worth $1,122,966,000 after acquiring an additional 202,233 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

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General Electric Stock Performance

Shares of NYSE GE traded up $6.43 during trading on Monday, hitting $210.56. The company had a trading volume of 4,041,531 shares, compared to its average volume of 5,351,109. General Electric has a 12 month low of $133.99 and a 12 month high of $212.19. 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 firm has a market capitalization of $225.99 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The stock has a 50 day simple moving average of $199.41 and a 200 day simple moving average of $185.47.

General Electric (NYSE:GE - Get Free Report) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (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, analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.68%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is currently 24.04%.

Analysts Set New Price Targets

GE has been the subject of a number of research analyst reports. Redburn Atlantic began coverage on General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Bank of America lifted their price objective on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating on the stock. Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, General Electric has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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.