General Electric (NYSE:GE) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its position in shares of General Electric (NYSE:GE) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,077 shares of the conglomerate’s stock after acquiring an additional 562 shares during the quarter. Metis Global Partners LLC’s holdings in General Electric were worth $9,186,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of GE. Valley Wealth Managers Inc. acquired a new stake in General Electric in the third quarter worth about $25,000. Hager Investment Management Services LLC acquired a new stake in General Electric in the fourth quarter worth about $27,000. Peterson Financial Group Inc. acquired a new stake in General Electric in the third quarter worth about $28,000. Sugar Maple Asset Management LLC bought a new stake in General Electric in the fourth quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in General Electric in the third quarter worth about $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on GE shares. JPMorgan Chase & Co. boosted their price objective on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Redburn Atlantic began coverage on General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Finally, UBS Group boosted their price target on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Stock Up 2.9 %

Shares of General Electric stock opened at $207.22 on Friday. The stock has a market capitalization of $222.40 billion, a P/E ratio of 34.59, a PEG ratio of 2.59 and a beta of 1.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average price of $190.24 and a two-hundred day moving average price of $182.00. General Electric has a 12-month low of $124.08 and a 12-month high of $212.19.

General Electric (NYSE:GE) last issued its quarterly 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 return on equity of 22.19% and a net margin of 14.31%. Equities analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This is a positive change 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 payout ratio is 24.04%.

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.