Amundi Decreases Stake in General Electric (NYSE:GE)

Amundi reduced its stake in shares of General Electric (NYSE:GE) by 50.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,428,535 shares of the conglomerate’s stock after selling 1,460,199 shares during the period. Amundi owned approximately 0.13% of General Electric worth $246,979,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GE. Dorsey & Whitney Trust CO LLC raised its stake in shares of General Electric by 10.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,538 shares of the conglomerate’s stock worth $757,000 after buying an additional 423 shares during the last quarter. Fairfield Financial Advisors LTD raised its stake in shares of General Electric by 888.4% during the 4th quarter. Fairfield Financial Advisors LTD now owns 5,189 shares of the conglomerate’s stock worth $865,000 after buying an additional 4,664 shares during the last quarter. Naviter Wealth LLC raised its stake in shares of General Electric by 899.6% during the 4th quarter. Naviter Wealth LLC now owns 11,275 shares of the conglomerate’s stock worth $1,884,000 after buying an additional 10,147 shares during the last quarter. Rialto Wealth Management LLC acquired a new position in shares of General Electric during the 4th quarter worth $146,000. Finally, Hamilton Capital Partners LLC acquired a new position in shares of General Electric during the 4th quarter worth $276,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Down 1.0 %

GE opened at $194.08 on Monday. 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 stock has a market capitalization of $208.31 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The business has a 50-day moving average of $193.02 and a two-hundred day moving average of $183.20. General Electric has a 12 month low of $130.38 and a 12 month high of $212.19.

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

General Electric Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is presently 24.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GE. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. UBS Group boosted their target price on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Northcoast Research initiated coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

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.