Guggenheim Capital LLC Has $2.83 Million Stake in General Electric (NYSE:GE)

Guggenheim Capital LLC lowered its holdings in shares of General Electric (NYSE:GE - Free Report) by 43.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,980 shares of the conglomerate's stock after selling 12,904 shares during the quarter. Guggenheim Capital LLC's holdings in General Electric were worth $2,832,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GE. Johnson & White Wealth Management LLC bought a new stake in shares of General Electric in the fourth quarter valued at about $733,000. Chung Wu Investment Group LLC acquired a new stake in General Electric in the 4th quarter valued at approximately $795,000. National Bank of Canada FI lifted its stake in General Electric by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate's stock valued at $177,535,000 after acquiring an additional 29,844 shares in the last quarter. World Investment Advisors LLC grew its stake in shares of General Electric by 60.7% during the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock worth $2,576,000 after acquiring an additional 5,162 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of General Electric by 1.7% in the fourth quarter. National Pension Service now owns 2,254,637 shares of the conglomerate's stock valued at $376,051,000 after purchasing an additional 37,884 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Bank of America increased their price target on 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 raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $212.07.

General Electric Stock Performance

GE traded up $6.86 during trading on Wednesday, hitting $196.04. The stock had a trading volume of 2,488,972 shares, compared to its average volume of 5,460,905. 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 firm has a market cap of $210.41 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a 50 day moving average price of $195.11 and a 200-day moving average price of $186.48. General Electric has a one year low of $150.20 and a one year high of $214.21.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. General Electric had a net margin of 14.31% and a return on equity of 22.19%. As a group, research analysts predict that General Electric will post 5.4 EPS for the current 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 given a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.73%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is currently 24.04%.

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.