General Electric (NYSE:GE) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in General Electric (NYSE:GE) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,732,817 shares of the conglomerate’s stock after acquiring an additional 202,233 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in General Electric were worth $1,122,966,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Bedel Financial Consulting Inc. lifted its position in shares of General Electric by 4.2% in the fourth quarter. Bedel Financial Consulting Inc. now owns 1,494 shares of the conglomerate’s stock worth $249,000 after purchasing an additional 60 shares in the last quarter. Tiff Advisory Services LLC purchased a new stake in shares of General Electric in the fourth quarter worth approximately $2,513,000. Meridian Wealth Management LLC lifted its position in shares of General Electric by 53.7% in the fourth quarter. Meridian Wealth Management LLC now owns 16,921 shares of the conglomerate’s stock worth $2,822,000 after purchasing an additional 5,913 shares in the last quarter. Mission Wealth Management LP lifted its position in shares of General Electric by 6.1% in the fourth quarter. Mission Wealth Management LP now owns 13,512 shares of the conglomerate’s stock worth $2,254,000 after purchasing an additional 781 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in shares of General Electric by 46.1% in the fourth quarter. Fidelis Capital Partners LLC now owns 8,262 shares of the conglomerate’s stock worth $1,378,000 after purchasing an additional 2,608 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on GE shares. Bank of America raised their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. UBS Group raised their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Trading Down 2.4 %

Shares of General Electric stock opened at $201.91 on Tuesday. The company’s fifty day simple moving average is $190.89 and its 200-day simple moving average is $182.42. The company has a market cap of $216.71 billion, a price-to-earnings ratio of 33.71, a PEG 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 1 year low of $125.26 and a 1 year high of $212.19.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts expect 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. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. General Electric’s dividend payout ratio (DPR) is presently 24.04%.

About General Electric

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.