General Electric (NYSE:GE) Shares Acquired by Harbor Advisors LLC

Harbor Advisors LLC lifted its stake in shares of General Electric (NYSE:GE) by 20.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,000 shares of the conglomerate’s stock after purchasing an additional 1,000 shares during the period. Harbor Advisors LLC’s holdings in General Electric were worth $1,001,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in General Electric in the third quarter worth approximately $30,000. Hager Investment Management Services LLC acquired a new position in General Electric in the fourth quarter worth approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in General Electric in the fourth quarter worth approximately $29,000. CBIZ Investment Advisory Services LLC acquired a new position in General Electric in the fourth quarter worth approximately $29,000. Finally, Picton Mahoney Asset Management grew its position in 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 buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on GE. Bank of America lifted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Wells Fargo & Company raised their price objective 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 research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Up 0.0 %

Shares of NYSE:GE opened at $203.99 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 12-month low of $133.99 and a 12-month high of $212.19. The firm has a fifty day moving average of $198.63 and a two-hundred day moving average of $185.01. The firm has a market capitalization of $218.94 billion, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

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

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. The ex-dividend date 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 yield of 0.71%. General Electric’s dividend payout ratio is currently 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.