Alberta Investment Management Corp Sells 300 Shares of General Electric (NYSE:GE)

Alberta Investment Management Corp reduced its position in shares of General Electric (NYSE:GE) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,900 shares of the conglomerate’s stock after selling 300 shares during the quarter. Alberta Investment Management Corp’s holdings in General Electric were worth $6,488,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. bought a new position in shares of General Electric in the third quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric in the third quarter valued at about $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric in the third quarter valued at about $28,000. RPg Family Wealth Advisory LLC bought a new position in shares of General Electric in the third quarter valued at about $30,000. Finally, Hager Investment Management Services LLC bought a new position in shares of General Electric in the fourth quarter valued at about $27,000. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GE. JPMorgan Chase & Co. upped their price target on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. UBS Group upped their price target 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. Citigroup upped their price target on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company upped their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Up 0.1 %

GE stock opened at $210.28 on Thursday. The stock has a market capitalization of $225.69 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 12 month low of $118.13 and a 12 month high of $212.19. The firm has a 50-day moving average price of $185.01 and a 200-day moving average price of $180.23.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. As a group, equities research analysts anticipate that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 18.70%.

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.