General Electric (NYSE:GE) Shares Acquired by DSM Capital Partners LLC

DSM Capital Partners LLC increased its stake in shares of General Electric (NYSE:GE) by 29.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 239,632 shares of the conglomerate’s stock after purchasing an additional 54,967 shares during the quarter. General Electric accounts for approximately 0.6% of DSM Capital Partners LLC’s holdings, making the stock its 25th biggest position. DSM Capital Partners LLC’s holdings in General Electric were worth $39,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new stake in General Electric in the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric in the third quarter valued at approximately $27,000. Hager Investment Management Services LLC acquired a new position in General Electric during the fourth quarter worth $27,000. Finally, Peterson Financial Group Inc. purchased a new position in General Electric in the third quarter worth $28,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Performance

Shares of NYSE GE opened at $209.94 on Wednesday. The company has a 50-day simple moving average of $184.18 and a 200-day simple moving average of $180.02. 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 cap of $225.33 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. General Electric has a 12 month low of $118.13 and a 12 month high of $212.19.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 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%. On average, equities analysts anticipate that General Electric will post 5.39 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Citigroup boosted their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. UBS Group lifted their price target 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, Redburn Atlantic started coverage on General Electric in a report on Tuesday. They issued a “buy” rating and a $250.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Company 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.