Keybank National Association OH Acquires 2,915 Shares of General Electric (NYSE:GE)

Keybank National Association OH grew its holdings in General Electric (NYSE:GE) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,904 shares of the conglomerate’s stock after purchasing an additional 2,915 shares during the period. Keybank National Association OH’s holdings in General Electric were worth $8,323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GE. Disciplined Investments LLC bought a new stake in General Electric during the 4th quarter worth $201,000. Horan Capital Advisors LLC. bought a new stake in General Electric during the 4th quarter worth $215,000. Westover Capital Advisors LLC grew its position in General Electric by 5.0% during the 4th quarter. Westover Capital Advisors LLC now owns 1,376 shares of the conglomerate’s stock worth $230,000 after acquiring an additional 66 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in General Electric by 9.4% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 81,690 shares of the conglomerate’s stock worth $13,625,000 after acquiring an additional 7,052 shares during the last quarter. Finally, Synergy Investment Management LLC bought a new stake in General Electric during the 4th quarter worth $53,000. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 1.9 %

Shares of NYSE:GE opened at $202.61 on Thursday. The company has a market capitalization of $217.46 billion, a price-to-earnings ratio of 33.83, a P/E/G 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. The business’s 50-day moving average is $192.06 and its 200-day moving average is $182.77. General Electric has a 1 year low of $126.78 and a 1 year high of $212.19.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (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%. Equities research analysts predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

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

Analyst Ratings Changes

A number of brokerages recently weighed in on GE. 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 on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Northcoast Research initiated coverage on General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Finally, Bank of America upped their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.