General Electric (NYSE:GE) Shares Sold by Groupama Asset Managment

Groupama Asset Managment lowered its position in General Electric (NYSE:GE) by 45.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,085 shares of the conglomerate’s stock after selling 11,822 shares during the period. Groupama Asset Managment’s holdings in General Electric were worth $2,368,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC grew its position in shares of General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of General Electric in the fourth quarter valued at about $27,000. Sugar Maple Asset Management LLC purchased a new stake in General Electric during the 4th quarter valued at about $29,000. CBIZ Investment Advisory Services LLC purchased a new position in General Electric in the 4th quarter worth approximately $29,000. Finally, Picton Mahoney Asset Management increased its holdings in shares of General Electric by 62.4% in the fourth 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. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GE shares. Wells Fargo & Company lifted their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Redburn Atlantic began coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective on the stock. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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, UBS Group raised their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Stock Up 1.9 %

GE stock opened at $203.90 on Wednesday. General Electric has a fifty-two week low of $133.99 and a fifty-two week high of $214.21. The company’s 50 day moving average price is $202.20 and its 200 day moving average price is $187.04. 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 firm has a market capitalization of $218.85 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) 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 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 represents a $1.44 dividend on an annualized basis and a yield of 0.71%. This is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric’s payout ratio is 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.