Quotient Wealth Partners LLC Purchases Shares of 3,026 General Electric (NYSE:GE)

Quotient Wealth Partners LLC purchased a new position in General Electric (NYSE:GEFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,026 shares of the conglomerate’s stock, valued at approximately $386,000.

Several other hedge funds also recently modified their holdings of GE. WCM Investment Management LLC acquired a new position in General Electric in the fourth quarter valued at about $520,488,000. International Assets Investment Management LLC boosted its stake in General Electric by 11,947.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock worth $201,218,000 after purchasing an additional 1,563,484 shares in the last quarter. Carmignac Gestion bought a new stake in shares of General Electric during the third quarter worth $133,581,000. AQR Capital Management LLC increased its stake in shares of General Electric by 358.4% in the third quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock valued at $161,035,000 after buying an additional 1,138,896 shares in the last quarter. Finally, Canoe Financial LP lifted its position in General Electric by 140.9% during the 4th quarter. Canoe Financial LP now owns 1,490,143 shares of the conglomerate’s stock worth $190,187,000 after buying an additional 871,535 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GE. Argus upped their target price on shares of General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. StockNews.com started coverage on shares of General Electric in a research report on Monday, April 29th. They set a “hold” rating on the stock. Jefferies Financial Group lifted their price target on shares of General Electric from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Citigroup increased their price objective on shares of General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $174.21.

Check Out Our Latest Stock Report on GE

General Electric Stock Up 0.0 %

Shares of NYSE:GE traded up $0.07 during trading on Wednesday, hitting $160.07. 3,225,300 shares of the company’s stock traded hands, compared to its average volume of 7,714,232. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $163.08 and a 200-day moving average price of $141.09. General Electric has a 52 week low of $79.76 and a 52 week high of $170.80. The company has a market cap of $175.21 billion, a price-to-earnings ratio of 52.49, a price-to-earnings-growth ratio of 2.83 and a beta of 1.25.

General Electric (NYSE:GEGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. As a group, research analysts forecast that General Electric will post 3.96 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

About General Electric

(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.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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