Grantham Mayo Van Otterloo & Co. LLC Acquires 21,368 Shares of General Electric (NYSE:GE)

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in General Electric (NYSE:GE) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 457,321 shares of the conglomerate’s stock after acquiring an additional 21,368 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in General Electric were worth $76,277,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. New Age Alpha Advisors LLC grew its holdings in General Electric by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock valued at $25,000 after buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in General Electric during the fourth quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new stake in General Electric in the 4th quarter valued at $29,000. CBIZ Investment Advisory Services LLC bought a new position in shares of General Electric during the 4th quarter valued at about $29,000. Finally, Picton Mahoney Asset Management boosted its holdings in shares of General Electric by 62.4% during 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. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Redburn Atlantic began coverage on General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Bank of America boosted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Citigroup increased their price objective 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. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.73.

General Electric Stock Performance

General Electric stock opened at $166.76 on Friday. General Electric has a 1-year low of $146.78 and a 1-year high of $214.21. The company’s 50-day moving average is $201.56 and its 200 day moving average is $187.02. The firm has a market capitalization of $178.98 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. 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 (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a boost 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 0.86%. General Electric’s dividend payout ratio is presently 24.04%.

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.