Natural Investments LLC Makes New Investment in General Electric (NYSE:GE)

Natural Investments LLC acquired a new stake in shares of General Electric (NYSE:GE) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,494 shares of the conglomerate’s stock, valued at approximately $249,000.

A number of other hedge funds also recently made changes to their positions in GE. Fairway Wealth LLC boosted its holdings in General Electric by 218.8% in the 4th quarter. Fairway Wealth LLC now owns 322 shares of the conglomerate’s stock worth $54,000 after buying an additional 221 shares during the period. Founders Financial Alliance LLC lifted its position in shares of General Electric by 2.8% in the fourth quarter. Founders Financial Alliance LLC now owns 3,570 shares of the conglomerate’s stock valued at $595,000 after acquiring an additional 97 shares in the last quarter. Cornerstone Advisors LLC boosted its stake in shares of General Electric by 3.6% in the fourth quarter. Cornerstone Advisors LLC now owns 52,300 shares of the conglomerate’s stock worth $8,723,000 after acquiring an additional 1,800 shares during the period. Citizens Financial Group Inc. RI grew its position in shares of General Electric by 28.2% during the fourth quarter. Citizens Financial Group Inc. RI now owns 11,048 shares of the conglomerate’s stock worth $1,843,000 after purchasing an additional 2,431 shares in the last quarter. Finally, Sage Mountain Advisors LLC raised its stake in General Electric by 10.3% during the 4th quarter. Sage Mountain Advisors LLC now owns 4,842 shares of the conglomerate’s stock valued at $808,000 after purchasing an additional 451 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company upped their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. UBS Group raised their target price on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Price Performance

Shares of General Electric stock opened at $195.21 on Thursday. The stock has a market cap of $209.52 billion, a price-to-earnings ratio of 32.59, 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 quick ratio of 0.81 and a current ratio of 1.09. The stock has a 50 day moving average price of $194.56 and a 200-day moving average price of $183.58. General Electric has a one year low of $131.91 and a one year high of $212.19.

General Electric (NYSE:GE) last posted 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 net margin of 14.31% and a return on equity of 22.19%. Equities analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.74%. 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%.

About General Electric

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.