General Electric (NYSE:GE) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. increased its stake in shares of General Electric (NYSE:GE) by 27.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 948,298 shares of the conglomerate’s stock after purchasing an additional 205,407 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of General Electric worth $158,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC lifted its stake in General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in General Electric in the 4th quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of General Electric in the 4th quarter worth $28,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Electric during the 4th quarter worth $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of General Electric during the 4th quarter valued at about $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Price Performance

GE opened at $189.49 on Wednesday. General Electric has a twelve month low of $150.20 and a twelve month high of $214.21. The firm has a market cap of $203.38 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.59 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $195.11 and a 200 day simple moving average of $186.48.

General Electric (NYSE:GE) last released its earnings results on Tuesday, April 22nd. The conglomerate reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.06 billion. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities research analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.76%. General Electric’s dividend payout ratio (DPR) is 24.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GE shares. UBS Group raised their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Citigroup decreased their price target on General Electric from $235.00 to $227.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Bank of America raised their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Redburn Atlantic started coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price for the company. Finally, Northcoast Research raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, General Electric has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.

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.