General Electric (NYSE:GE) is Sirios Capital Management L P’s 8th Largest Position

Sirios Capital Management L P lifted its holdings in shares of General Electric (NYSE:GE) by 38.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,215 shares of the conglomerate’s stock after buying an additional 33,521 shares during the period. General Electric makes up 3.6% of Sirios Capital Management L P’s portfolio, making the stock its 8th biggest position. Sirios Capital Management L P’s holdings in General Electric were worth $20,051,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GE. Coppell Advisory Solutions LLC increased its position in General Electric by 49.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 312 shares of the conglomerate’s stock valued at $52,000 after acquiring an additional 103 shares during the last quarter. Beck Capital Management LLC increased its position in shares of General Electric by 1.2% during the 4th quarter. Beck Capital Management LLC now owns 13,049 shares of the conglomerate’s stock valued at $2,176,000 after purchasing an additional 152 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of General Electric during the 4th quarter valued at about $15,961,000. MGO One Seven LLC lifted its stake in shares of General Electric by 13.7% in the 4th quarter. MGO One Seven LLC now owns 39,632 shares of the conglomerate’s stock worth $6,610,000 after purchasing an additional 4,787 shares during the period. Finally, Dark Forest Capital Management LP boosted its holdings in shares of General Electric by 7.6% in the fourth quarter. Dark Forest Capital Management LP now owns 4,841 shares of the conglomerate’s stock worth $807,000 after buying an additional 340 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

General Electric Trading Up 6.2 %

Shares of GE stock opened at $189.49 on Wednesday. The company has a market cap of $203.38 billion, a PE ratio of 31.63, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. General Electric has a 1 year low of $150.20 and a 1 year high of $214.21. The stock’s 50 day simple moving average is $195.11 and its two-hundred day simple moving average is $186.48. 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 Tuesday, April 22nd. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.20. General Electric had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. Research analysts predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.76%. This is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric’s dividend payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

A number of analysts have commented on GE shares. Bank of America upped their target price on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Northcoast Research raised General Electric from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Finally, Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $213.33.

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.