1 day Ago By ABMN Staff
Trexquant Investment LP cut its stake in shares of General Electric ( NYSE:GE – Free Report ) by 98.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,411 shares of the conglomerate’s stock after selling 81,505 shares during the period.
Trexquant Investment LP’s holdings in General Electric were worth $235,000 as of its most recent SEC filing. Other large investors also recently modified their holdings of the company. Johnson & White Wealth Management LLC bought a new stake in General Electric during the 4th quarter worth approximately $733,000.
Chung Wu Investment Group LLC bought a new stake in shares of General Electric in the fourth quarter worth $795,000. National Bank of Canada FI increased its holdings in General Electric by 2.9% in the fourth quarter.
National Bank of Canada FI now owns 1,064,417 shares of the conglomerate’s stock valued at $177,535,000 after purchasing an additional 29,844 shares during the period. World Investment Advisors LLC raised its position in General Electric by 60.7% during the 3rd quarter.
World Investment Advisors LLC now owns 13,662 shares of the conglomerate’s stock worth $2,576,000 after purchasing an additional 5,162 shares during the last quarter. Finally, National Pension Service lifted its holdings in General Electric by 1.7% during the 4th quarter.
National Pension Service now owns 2,254,637 shares of the conglomerate’s stock worth $376,051,000 after buying an additional 37,884 shares during the period. 74.77% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth GE has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd.
Northcoast Research upgraded shares of General Electric from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a report on Wednesday, April 9th. Citigroup dropped their price target 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. 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 report on Thursday, January 2nd. Finally, Redburn Atlantic initiated coverage on shares of General Electric in a report on Tuesday, February 18th.
They issued a “buy” rating and a $250.00 target price on the stock. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock.
According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $212.73. General Electric Stock Up 0.
1 % GE stock opened at $181.60 on Monday. The stock’s 50 day simple moving average is $198.
36 and its 200 day simple moving average is $186.61. The company has a market cap of $194.
91 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 2.59 and a beta of 1.
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. General Electric has a fifty-two week low of $146.
78 and a fifty-two week high of $214.21. General Electric ( NYSE:GE – Get Free Report ) last issued its earnings results 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 return on equity of 22.19% and a net margin of 14.
31%. On average, research analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.
General Electric Increases Dividend The firm also recently announced 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 an increase from General Electric’s previous quarterly dividend of $0.28.
This represents a $1.44 annualized dividend and a dividend yield of 0.79%.
General Electric’s payout ratio is presently 24.04%. General Electric Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding GE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for General Electric ( NYSE:GE – Free Report ). Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter .
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