Savvy Advisors Inc. Grows Stock Holdings in General Electric (NYSE:GE)

Savvy Advisors Inc. grew its holdings in shares of General Electric (NYSE:GE - Free Report) by 142.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,230 shares of the conglomerate's stock after acquiring an additional 4,249 shares during the quarter. Savvy Advisors Inc.'s holdings in General Electric were worth $1,206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of General Electric during the 3rd quarter valued at about $3,400,000. Westside Investment Management Inc. raised its stake in shares of General Electric by 6.0% during the third quarter. Westside Investment Management Inc. now owns 1,245 shares of the conglomerate's stock worth $235,000 after acquiring an additional 70 shares in the last quarter. Diamant Asset Management Inc. lifted its holdings in shares of General Electric by 2.7% in the 3rd quarter. Diamant Asset Management Inc. now owns 6,098 shares of the conglomerate's stock worth $1,150,000 after acquiring an additional 158 shares during the last quarter. Morse Asset Management Inc lifted its holdings in shares of General Electric by 30.2% in the 3rd quarter. Morse Asset Management Inc now owns 18,616 shares of the conglomerate's stock worth $3,511,000 after acquiring an additional 4,320 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in shares of General Electric by 1.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the conglomerate's stock valued at $2,308,000 after purchasing an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Stock Up 0.4 %

General Electric stock traded up $0.82 during mid-day trading on Thursday, reaching $183.27. The stock had a trading volume of 2,528,278 shares, compared to its average volume of 5,451,370. The company has a 50-day moving average price of $197.13 and a two-hundred day moving average price of $186.58. The company has a market capitalization of $196.70 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.59 and a beta of 1.04. General Electric has a one year low of $146.78 and a one year high of $214.21. 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 (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates 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, analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared 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. 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 0.79%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's dividend payout ratio is presently 24.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GE. Northcoast Research raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Wednesday, April 9th. Wells Fargo & Company boosted their price objective on General Electric from $203.00 to $212.00 and gave the company an "overweight" rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Citigroup decreased their price objective on shares of General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Bank of America upped their target price on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, General Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.33.

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.