Sei Investments Co. Has $175.11 Million Position in General Electric (NYSE:GE)

Sei Investments Co. grew its stake in General Electric (NYSE:GE) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,049,868 shares of the conglomerate’s stock after purchasing an additional 3,840 shares during the period. Sei Investments Co.’s holdings in General Electric were worth $175,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in General Electric in the 3rd quarter valued at approximately $30,000. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new position in General Electric in the 4th quarter valued at approximately $29,000. CBIZ Investment Advisory Services LLC bought a new position in General Electric in the 4th quarter valued at approximately $29,000. Finally, Picton Mahoney Asset Management raised its holdings in General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock valued at $30,000 after buying an additional 68 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GE shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Redburn Atlantic started coverage on shares of General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Finally, Bank of America raised their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Price Performance

GE opened at $203.99 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $218.94 billion, a price-to-earnings ratio of 34.06, a P/E/G ratio of 2.59 and a beta of 1.19. The firm’s fifty day moving average price is $198.63 and its two-hundred day moving average price is $184.87. General Electric has a 1 year low of $133.99 and a 1 year high of $212.19.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (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, analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. This is a boost from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric’s payout ratio is presently 24.04%.

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.