Stevens Capital Management LP Increases Stake in General Electric (NYSE:GE)

Stevens Capital Management LP boosted its holdings in General Electric (NYSE:GE - Free Report) by 53.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,162 shares of the conglomerate's stock after purchasing an additional 1,446 shares during the quarter. Stevens Capital Management LP's holdings in General Electric were worth $694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GE. State Street Corp lifted its stake in General Electric by 2.1% during the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after acquiring an additional 898,296 shares during the period. Geode Capital Management LLC boosted its stake in shares of General Electric by 0.7% in the 3rd 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 during the last quarter. Jennison Associates LLC grew its stake in shares of General Electric by 1.4% during the 4th quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after purchasing an additional 106,891 shares during the period. Bank of New York Mellon Corp increased its holdings in 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 buying an additional 115,257 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 202,233 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

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General Electric Stock Up 0.9 %

Shares of NYSE:GE traded up $1.95 during trading hours on Tuesday, hitting $212.18. The company's stock had a trading volume of 4,294,546 shares, compared to its average volume of 5,350,355. The company has a market capitalization of $227.73 billion, a price-to-earnings ratio of 35.42, a P/E/G ratio of 2.59 and a beta of 1.19. The firm's fifty day moving average price is $199.41 and its 200 day moving average price is $185.47. 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 has a 52 week low of $133.99 and a 52 week high of $212.19.

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

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. General Electric's dividend payout ratio is presently 24.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GE shares. Redburn Atlantic initiated coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Citigroup increased their price target on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Wells Fargo & Company boosted their price objective 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, Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating for the company. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, General Electric has a consensus rating of "Moderate Buy" and an average price target 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.