Whittier Trust Co. Raises Position in General Electric (NYSE:GE)

Whittier Trust Co. increased its holdings in shares of General Electric (NYSE:GE) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,982 shares of the conglomerate’s stock after buying an additional 450 shares during the quarter. Whittier Trust Co.’s holdings in General Electric were worth $1,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in GE. RPg Family Wealth Advisory LLC purchased a new position in shares of General Electric in the third quarter worth $30,000. Hager Investment Management Services LLC purchased a new position in General Electric in the 4th quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new stake in General Electric during the 4th quarter worth about $29,000. CBIZ Investment Advisory Services LLC purchased a new stake in General Electric during the 4th quarter valued at about $29,000. Finally, Picton Mahoney Asset Management grew its stake in General Electric by 62.4% during the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 68 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Trading Up 0.0 %

Shares of NYSE:GE opened at $203.99 on Friday. The business’s 50 day moving average price is $198.63 and its 200-day moving average price is $184.87. General Electric has a 1 year low of $133.99 and a 1 year high of $212.19. The firm has a market capitalization of $218.94 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is presently 24.04%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GE. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. 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. Wells Fargo & Company increased 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. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Redburn Atlantic initiated coverage on General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Company 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.