QRG Capital Management Inc. Has $45.12 Million Position in General Electric (NYSE:GE)

QRG Capital Management Inc. lifted its stake in shares of General Electric (NYSE:GE) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 270,494 shares of the conglomerate’s stock after acquiring an additional 6,005 shares during the period. QRG Capital Management Inc.’s holdings in General Electric were worth $45,116,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Game Plan Financial Advisors LLC lifted its stake in General Electric by 10.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate’s stock worth $96,000 after acquiring an additional 55 shares during the period. Red Door Wealth Management LLC lifted its stake in General Electric by 4.0% in the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate’s stock worth $241,000 after acquiring an additional 56 shares during the period. Saxon Interests Inc. lifted its stake in General Electric by 4.2% in the fourth quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate’s stock worth $238,000 after acquiring an additional 57 shares during the period. Old North State Wealth Management LLC lifted its stake in General Electric by 3.0% in the fourth quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate’s stock worth $331,000 after acquiring an additional 58 shares during the period. Finally, Northeast Investment Management lifted its stake in General Electric by 2.2% in the fourth quarter. Northeast Investment Management now owns 2,708 shares of the conglomerate’s stock worth $452,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GE. Northcoast Research began coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Redburn Atlantic began coverage on General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. UBS Group raised their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Citigroup raised their price objective on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Price Performance

GE opened at $201.56 on Thursday. The stock has a 50-day moving average price of $188.73 and a 200-day moving average price of $181.58. 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 cap of $216.34 billion, a PE ratio of 33.65, a P/E/G ratio of 2.59 and a beta of 1.21. General Electric has a 1 year low of $122.48 and a 1 year high of $212.19.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Sell-side analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.71%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is presently 24.04%.

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.