Trexquant Investment LP Sells 81,505 Shares of General Electric (NYSE:GE)

Trexquant Investment LP cut its stake in General Electric (NYSE:GE - Free Report) by 98.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,411 shares of the conglomerate's stock after selling 81,505 shares during the period. Trexquant Investment LP's holdings in General Electric were worth $235,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. May Hill Capital LLC bought a new position in shares of General Electric in the 4th quarter worth about $289,000. Headlands Technologies LLC increased its stake in shares of General Electric by 22.0% during the fourth quarter. Headlands Technologies LLC now owns 9,343 shares of the conglomerate's stock valued at $1,558,000 after purchasing an additional 1,682 shares in the last quarter. Invenio Wealth Partners LLC lifted its holdings in shares of General Electric by 3.6% during the fourth quarter. Invenio Wealth Partners LLC now owns 2,126 shares of the conglomerate's stock valued at $355,000 after purchasing an additional 74 shares during the last quarter. Elwood Capital Partners LP bought a new stake in shares of General Electric in the 4th quarter worth approximately $4,900,000. Finally, Geode Capital Management LLC grew its stake in shares of General Electric by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 23,117,418 shares of the conglomerate's stock worth $3,846,587,000 after buying an additional 529,457 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GE shares. Bank of America boosted their target price on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Wells Fargo & Company upped their price target on shares of General Electric from $203.00 to $212.00 and gave the stock an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective 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. UBS Group upped their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $213.33.

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General Electric Stock Performance

GE traded down $0.26 during mid-day trading on Tuesday, reaching $185.74. 4,998,296 shares of the company traded hands, compared to its average volume of 5,470,621. The company's fifty day moving average price is $197.99 and its 200-day moving average price is $186.61. The stock has a market capitalization of $199.35 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 52-week low of $146.78 and a 52-week high of $214.21.

General Electric (NYSE:GE - Get Free Report) last posted 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%. On average, sell-side analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently disclosed 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. This is an increase from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.78%. General Electric's dividend payout ratio (DPR) 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.