Livforsakringsbolaget Skandia Omsesidigt Grows Stock Holdings in General Electric (NYSE:GE)

Livforsakringsbolaget Skandia Omsesidigt raised its stake in General Electric (NYSE:GE) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,632 shares of the conglomerate’s stock after purchasing an additional 2,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in General Electric were worth $4,448,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Toth Financial Advisory Corp acquired a new position in shares of General Electric in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new position in shares of General Electric in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in shares of General Electric in the 3rd quarter valued at $27,000. Peterson Financial Group Inc. acquired a new position in shares of General Electric in the 3rd quarter valued at $28,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Price Performance

Shares of NYSE:GE opened at $206.00 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a fifty-two week low of $110.34 and a fifty-two week high of $207.65. The firm has a 50-day simple moving average of $178.72 and a 200 day simple moving average of $177.35. The company has a market cap of $222.95 billion, a PE ratio of 34.39, a P/E/G ratio of 2.53 and a beta of 1.21.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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, sell-side analysts anticipate that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s payout ratio is 18.70%.

Analyst Ratings Changes

Several research firms recently weighed in on GE. JPMorgan Chase & Co. lifted their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Melius Research lifted their target price on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They set a “neutral” rating on the stock. Citigroup lifted their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Bank of America lifted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and an average price target of $208.73.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by company insiders.

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.