General Electric (NYSE:GE) Shares Purchased by National Pension Service

National Pension Service raised its position in shares of General Electric (NYSE:GE) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,254,637 shares of the conglomerate’s stock after buying an additional 37,884 shares during the period. National Pension Service owned about 0.21% of General Electric worth $376,051,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in General Electric by 0.7% in the third quarter. Assenagon Asset Management S.A. now owns 30,671 shares of the conglomerate’s stock valued at $5,784,000 after acquiring an additional 209 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in General Electric by 1.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,891 shares of the conglomerate’s stock valued at $2,054,000 after buying an additional 176 shares during the period. Nisa Investment Advisors LLC raised its holdings in General Electric by 13.3% during the third quarter. Nisa Investment Advisors LLC now owns 259,560 shares of the conglomerate’s stock worth $49,012,000 after purchasing an additional 30,383 shares in the last quarter. Orrstown Financial Services Inc. lifted its holdings in shares of General Electric by 556.5% in the 3rd quarter. Orrstown Financial Services Inc. now owns 10,143 shares of the conglomerate’s stock valued at $1,913,000 after buying an additional 8,598 shares during the period. Finally, Pallas Capital Advisors LLC boosted its position in shares of General Electric by 22.8% during the 3rd quarter. Pallas Capital Advisors LLC now owns 7,682 shares of the conglomerate’s stock worth $1,381,000 after purchasing an additional 1,425 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the topic of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. UBS Group increased their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Bank of America boosted 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. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Price Performance

GE stock opened at $199.20 on Wednesday. The stock has a 50-day simple moving average of $187.90 and a 200-day simple moving average of $181.44. The firm has a market cap of $213.80 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 1 year low of $122.48 and a 1 year high of $212.19.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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 analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. 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 yield of 0.72%. General Electric’s dividend payout ratio is presently 24.04%.

About General Electric

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.