General Electric (NYSE:GE) Holdings Cut by Jacobi Capital Management LLC

Jacobi Capital Management LLC decreased its stake in General Electric (NYSE:GE) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,638 shares of the conglomerate’s stock after selling 78 shares during the quarter. Jacobi Capital Management LLC’s holdings in General Electric were worth $940,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Metis Global Partners LLC raised its holdings in shares of General Electric by 1.0% during the 4th quarter. Metis Global Partners LLC now owns 55,077 shares of the conglomerate’s stock valued at $9,186,000 after purchasing an additional 562 shares in the last quarter. Providence First Trust Co bought a new position in shares of General Electric during the 4th quarter valued at $1,807,000. Fisher Asset Management LLC raised its holdings in shares of General Electric by 24.3% during the 4th quarter. Fisher Asset Management LLC now owns 13,780 shares of the conglomerate’s stock valued at $2,299,000 after purchasing an additional 2,693 shares in the last quarter. WR Wealth Planners LLC raised its holdings in shares of General Electric by 30.6% during the 4th quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate’s stock valued at $40,000 after purchasing an additional 56 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its holdings in shares of General Electric by 0.9% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 7,036 shares of the conglomerate’s stock valued at $1,174,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

NYSE GE opened at $207.22 on Friday. 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 firm has a market capitalization of $222.40 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 2.59 and a beta of 1.22. The company’s fifty day moving average is $190.24 and its two-hundred day moving average is $182.10. General Electric has a 52-week low of $124.08 and a 52-week high of $212.19.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts forecast that General Electric will post 5.4 EPS for the current 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. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. General Electric’s payout ratio is 24.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GE shares. Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Redburn Atlantic began 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. Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and a consensus target price 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.