Twin Capital Management Inc. Purchases 398 Shares of General Electric (NYSE:GE)

Twin Capital Management Inc. raised its position in shares of General Electric (NYSE:GE) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,085 shares of the conglomerate’s stock after purchasing an additional 398 shares during the quarter. Twin Capital Management Inc.’s holdings in General Electric were worth $4,851,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Invesco Ltd. grew its position in shares of General Electric by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the conglomerate’s stock worth $1,591,970,000 after purchasing an additional 1,204,910 shares in the last quarter. Bank of Montreal Can lifted its holdings in General Electric by 9.5% in the 4th quarter. Bank of Montreal Can now owns 1,532,121 shares of the conglomerate’s stock worth $255,543,000 after purchasing an additional 133,381 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in General Electric in the 4th quarter worth approximately $28,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in General Electric by 17.6% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate’s stock valued at $56,000 after buying an additional 50 shares in the last quarter. Finally, FMR LLC raised its position in shares of General Electric by 1.5% during the fourth quarter. FMR LLC now owns 66,823,968 shares of the conglomerate’s stock valued at $11,145,570,000 after buying an additional 965,012 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GE shares. Wells Fargo & Company upped their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Citigroup lifted their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group increased 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. Finally, Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.73.

General Electric Stock Performance

Shares of NYSE:GE opened at $166.76 on Monday. 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 $146.78 and a 12 month high of $214.21. The company has a market capitalization of $178.98 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.59 and a beta of 1.04. The firm’s 50-day moving average is $201.56 and its 200 day moving average is $187.10.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. Research analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.86%. General Electric’s dividend payout ratio (DPR) 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.