General Electric (NYSE:GE) Holdings Increased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its stake in General Electric (NYSE:GE) by 32.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,557 shares of the conglomerate’s stock after acquiring an additional 15,788 shares during the period. UniSuper Management Pty Ltd’s holdings in General Electric were worth $10,767,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GE. Dynamic Technology Lab Private Ltd bought a new position in shares of General Electric during the 3rd quarter valued at about $618,000. Truvestments Capital LLC bought a new stake in General Electric during the third quarter worth approximately $35,000. D.A. Davidson & CO. increased its holdings in shares of General Electric by 2.6% in the third quarter. D.A. Davidson & CO. now owns 35,280 shares of the conglomerate’s stock valued at $6,653,000 after buying an additional 893 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of General Electric by 84.3% during the 3rd quarter. Townsquare Capital LLC now owns 55,601 shares of the conglomerate’s stock valued at $10,485,000 after acquiring an additional 25,433 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of General Electric by 1.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 93,751 shares of the conglomerate’s stock worth $17,680,000 after acquiring an additional 1,016 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. UBS Group raised their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company upped their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Finally, Bank of America boosted their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Down 0.6 %

General Electric stock opened at $206.11 on Friday. General Electric has a one year low of $133.99 and a one year high of $214.21. The company’s fifty day moving average price is $201.18 and its two-hundred day moving average price is $186.12. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $221.21 billion, a price-to-earnings ratio of 34.41, a PEG 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 EPS for the quarter, beating 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, 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. Investors of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.70%. General Electric’s dividend payout ratio (DPR) is presently 24.04%.

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.