Hanlon Investment Management Inc. Purchases 233 Shares of General Electric (NYSE:GE)

Hanlon Investment Management Inc. lifted its holdings in General Electric (NYSE:GE) by 15.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,736 shares of the conglomerate’s stock after buying an additional 233 shares during the period. Hanlon Investment Management Inc.’s holdings in General Electric were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GE. New Age Alpha Advisors LLC increased its position in General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock worth $25,000 after buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in General Electric in the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in General Electric in the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in General Electric during the 4th quarter worth approximately $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in General Electric during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 2.3 %

Shares of NYSE GE opened at $185.89 on Tuesday. General Electric has a 1-year low of $146.78 and a 1-year high of $214.21. 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 business’s 50 day moving average is $197.99 and its two-hundred day moving average is $186.61. The stock has a market capitalization of $199.51 billion, a P/E ratio of 31.03, a PEG ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, research analysts expect that General Electric will post 5.4 EPS 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 paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. 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 dividend yield of 0.77%. General Electric’s payout ratio is currently 24.04%.

Analysts Set New Price Targets

GE has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of General Electric from $235.00 to $227.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Bank of America boosted their price objective on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Redburn Atlantic began coverage on General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Northcoast Research upgraded General Electric from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $212.73.

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.