General Electric (NYSE:GE) Stock Position Raised by Aire Advisors LLC

Aire Advisors LLC increased its stake in General Electric (NYSE:GE) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,544 shares of the conglomerate’s stock after purchasing an additional 428 shares during the quarter. Aire Advisors LLC’s holdings in General Electric were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Meiji Yasuda Asset Management Co Ltd. raised its position in General Electric by 59.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,574 shares of the conglomerate’s stock valued at $6,601,000 after buying an additional 14,777 shares during the period. PKS Advisory Services LLC acquired a new position in General Electric in the 4th quarter worth about $565,000. Signature Estate & Investment Advisors LLC increased its holdings in General Electric by 21.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 5,070 shares of the conglomerate’s stock worth $846,000 after buying an additional 893 shares during the last quarter. TIAA Trust National Association grew its position in General Electric by 6.8% in the fourth quarter. TIAA Trust National Association now owns 111,537 shares of the conglomerate’s stock worth $18,604,000 after acquiring an additional 7,120 shares in the last quarter. Finally, Princeton Capital Management LLC raised its holdings in shares of General Electric by 1.8% during the 4th quarter. Princeton Capital Management LLC now owns 14,567 shares of the conglomerate’s stock valued at $2,430,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Up 3.1 %

NYSE:GE opened at $210.56 on Tuesday. The stock has a 50-day simple moving average of $199.41 and a 200 day simple moving average of $185.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market cap of $225.99 billion, a PE ratio of 35.15, a PEG ratio of 2.59 and a beta of 1.19. General Electric has a 52-week low of $133.99 and a 52-week high of $212.19.

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

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. 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. This represents a $1.44 annualized dividend and a yield of 0.68%. General Electric’s dividend payout ratio (DPR) is currently 24.04%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GE. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Citigroup raised their price objective on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. UBS Group boosted their price objective 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, Redburn Atlantic initiated coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.31.

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.