General Electric (NYSE:GE) Shares Sold by Twin Tree Management LP

Twin Tree Management LP lowered its stake in General Electric (NYSE:GE - Free Report) by 91.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,259 shares of the conglomerate's stock after selling 387,941 shares during the quarter. Twin Tree Management LP's holdings in General Electric were worth $6,381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Truvestments Capital LLC raised its holdings in shares of General Electric by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock worth $39,000 after acquiring an additional 49 shares during the period. Blue Barn Wealth LLC increased its holdings in shares of General Electric by 3.8% during the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock worth $245,000 after buying an additional 54 shares during the last quarter. Game Plan Financial Advisors LLC increased its holdings in shares of General Electric by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after buying an additional 55 shares during the last quarter. Red Door Wealth Management LLC raised its position in shares of General Electric by 4.0% during the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock valued at $241,000 after buying an additional 56 shares during the period. Finally, WR Wealth Planners LLC lifted its holdings in General Electric by 30.6% in the fourth quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate's stock valued at $40,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Citigroup lifted their price target on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Northcoast Research assumed coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Finally, Wells Fargo & Company lifted their target price on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, General Electric has an average rating of "Moderate Buy" and an average price target of $211.31.

General Electric Stock Up 0.0 %

NYSE:GE traded up $0.06 during mid-day trading on Friday, hitting $203.99. The stock had a trading volume of 7,960,170 shares, compared to its average volume of 5,241,111. General Electric has a twelve month low of $133.99 and a twelve month high of $212.19. The stock has a 50-day simple moving average of $197.98 and a two-hundred day simple moving average of $184.67. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $218.94 billion, a PE ratio of 34.06, a PEG ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts anticipate 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. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's dividend payout ratio is currently 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.