General Electric (NYSE:GE) Stock Position Cut by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its stake in General Electric (NYSE:GE) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,513 shares of the conglomerate’s stock after selling 1,026 shares during the period. Kentucky Retirement Systems’ holdings in General Electric were worth $12,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GE. Foundations Investment Advisors LLC grew its position in General Electric by 5.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 10,364 shares of the conglomerate’s stock valued at $1,954,000 after buying an additional 513 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of General Electric by 1.7% during the 3rd quarter. Private Advisor Group LLC now owns 98,308 shares of the conglomerate’s stock valued at $18,539,000 after purchasing an additional 1,670 shares in the last quarter. McAdam LLC boosted its position in shares of General Electric by 4.2% during the 3rd quarter. McAdam LLC now owns 2,542 shares of the conglomerate’s stock valued at $479,000 after purchasing an additional 103 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of General Electric by 21,069.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,173,142 shares of the conglomerate’s stock valued at $598,391,000 after purchasing an additional 3,158,153 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of General Electric by 19.5% during the 3rd quarter. Brighton Jones LLC now owns 9,587 shares of the conglomerate’s stock valued at $1,808,000 after purchasing an additional 1,567 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Down 0.7 %

Shares of NYSE GE opened at $208.93 on Friday. The firm’s 50-day simple moving average is $185.89 and its 200 day simple moving average is $180.43. The company has a market cap of $224.24 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 2.61 and a beta of 1.22. The company has a quick ratio of 0.81, a current ratio of 1.09 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.

General Electric (NYSE:GE) last released its earnings results 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 net margin of 14.31% and a return on equity of 22.19%. On average, research analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. General Electric’s dividend payout ratio is 18.70%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GE. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Citigroup raised their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. UBS Group raised their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Finally, Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average price target of $211.31.

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.