Caisse Des Depots ET Consignations Invests $8.44 Million in General Electric (NYSE:GE)

Caisse Des Depots ET Consignations purchased a new stake in shares of General Electric (NYSE:GE) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 50,586 shares of the conglomerate’s stock, valued at approximately $8,437,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blair William & Co. IL grew its position in shares of General Electric by 3.8% in the 4th quarter. Blair William & Co. IL now owns 189,437 shares of the conglomerate’s stock worth $31,596,000 after buying an additional 6,918 shares during the period. Pragma Gestao DE Patrimonio Ltd. lifted its holdings in shares of General Electric by 116.0% during the fourth quarter. Pragma Gestao DE Patrimonio Ltd. now owns 108,000 shares of the conglomerate’s stock valued at $18,013,000 after purchasing an additional 58,000 shares during the last quarter. NEOS Investment Management LLC boosted its position in shares of General Electric by 17.7% in the 4th quarter. NEOS Investment Management LLC now owns 64,511 shares of the conglomerate’s stock worth $10,760,000 after purchasing an additional 9,682 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in shares of General Electric by 32.4% in the 4th quarter. UniSuper Management Pty Ltd now owns 64,557 shares of the conglomerate’s stock worth $10,767,000 after buying an additional 15,788 shares during the last quarter. Finally, Moment Partners LLC purchased a new position in General Electric during the fourth quarter valued at $211,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Trading Down 2.3 %

GE stock opened at $207.33 on Thursday. The company has a market capitalization of $222.53 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1-year low of $133.99 and a 1-year high of $214.21. The business has a 50 day simple moving average of $200.66 and a two-hundred day simple moving average of $185.98.

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

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Monday, March 10th. General Electric’s payout ratio is currently 24.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Citigroup raised their target price 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. Wells Fargo & Company boosted their target price on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their price objective on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and a consensus price target 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.