General Electric (NYSE:GE) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in General Electric (NYSE:GE) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,064,417 shares of the conglomerate’s stock after buying an additional 29,844 shares during the quarter. National Bank of Canada FI owned 0.10% of General Electric worth $177,535,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC raised its position in shares of General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new position in General Electric in the 4th quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new stake in General Electric during the 4th quarter worth about $29,000. CBIZ Investment Advisory Services LLC purchased a new stake in General Electric during the fourth quarter valued at about $29,000. Finally, Picton Mahoney Asset Management boosted its holdings in shares of General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after buying an additional 68 shares during the period. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GE. UBS Group boosted their price target on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company increased their target price on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Northcoast Research began coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, Redburn Atlantic started 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. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Stock Performance

NYSE GE opened at $200.29 on Tuesday. The firm has a market capitalization of $214.97 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm’s fifty day moving average price is $201.87 and its two-hundred day moving average price is $186.85. General Electric has a 1 year low of $133.99 and a 1 year high of $214.21.

General Electric (NYSE:GE) last issued its earnings results 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%. As a group, research analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business 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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is 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.