General Electric (NYSE:GE) Shares Acquired by Intrust Bank NA

Intrust Bank NA raised its holdings in shares of General Electric (NYSE:GE) by 46.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,937 shares of the conglomerate’s stock after buying an additional 1,573 shares during the period. Intrust Bank NA’s holdings in General Electric were worth $823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. New Age Alpha Advisors LLC increased its position in shares of General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in General Electric in the fourth quarter valued at about $27,000. Sugar Maple Asset Management LLC acquired a new stake in General Electric during the fourth quarter valued at approximately $29,000. CBIZ Investment Advisory Services LLC bought a new position in General Electric during the 4th quarter worth approximately $29,000. Finally, Picton Mahoney Asset Management grew its position in shares of General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Price Performance

Shares of GE opened at $199.66 on Friday. The firm has a market capitalization of $214.29 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The stock’s fifty day moving average is $201.52 and its 200-day moving average is $186.50. General Electric has a one year low of $133.99 and a one year high of $214.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. Equities analysts anticipate 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. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. 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 annualized dividend and a dividend yield of 0.72%. General Electric’s dividend payout ratio (DPR) is 24.04%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GE shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price target on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price for the company. Finally, Citigroup increased their price target on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric 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.