General Electric (NYSE:GE) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in shares of General Electric (NYSE:GE) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,264 shares of the conglomerate’s stock after acquiring an additional 2,490 shares during the period. Xponance Inc.’s holdings in General Electric were worth $29,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GE. Hager Investment Management Services LLC acquired a new stake in General Electric in the fourth quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new stake in General Electric in the fourth quarter worth $29,000. CBIZ Investment Advisory Services LLC bought a new position in shares of General Electric in the fourth quarter worth $29,000. RPg Family Wealth Advisory LLC bought a new position in shares of General Electric in the third quarter worth $30,000. Finally, Picton Mahoney Asset Management grew its stake 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 worth $30,000 after purchasing an additional 68 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GE has been the subject of several recent analyst reports. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. UBS Group raised their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upped their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Up 2.6 %

GE opened at $202.23 on Tuesday. General Electric has a fifty-two week low of $133.99 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm’s fifty day moving average price is $196.14 and its two-hundred day moving average price is $184.20. The company has a market capitalization of $217.06 billion, a P/E ratio of 33.76, a P/E/G ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate 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, analysts anticipate that General Electric will post 5.4 EPS for the current 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 issued a dividend of $0.36 per share. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.71%. The ex-dividend date is Monday, March 10th. General Electric’s payout ratio is currently 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.