General Electric (NYSE:GE) SVP Alexander Dimitrief purchased 1,181 shares of the company’s stock in a transaction on Friday, January 26th. The shares were bought at an average cost of $16.00 per share, with a total value of $18,896.00. Following the transaction, the senior vice president now directly owns 81,185 shares of the company’s stock, valued at approximately $1,298,960. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Alexander Dimitrief also recently made the following trade(s):
- On Monday, January 29th, Alexander Dimitrief purchased 2,689 shares of General Electric stock. The shares were bought at an average cost of $16.16 per share, with a total value of $43,454.24.
General Electric (NYSE:GE) traded up $0.19 during mid-day trading on Wednesday, hitting $14.86. The stock had a trading volume of 64,527,251 shares, compared to its average volume of 106,155,211. General Electric has a 1-year low of $14.23 and a 1-year high of $30.59. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $128,170.00, a PE ratio of 13.76, a price-to-earnings-growth ratio of 2.81 and a beta of 0.93.
General Electric (NYSE:GE) last issued its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The firm had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. During the same quarter in the previous year, the business posted $0.46 EPS. General Electric’s revenue was down 5.1% compared to the same quarter last year. sell-side analysts forecast that General Electric will post 0.99 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, February 23rd. General Electric’s payout ratio is currently 44.44%.
Several research firms have weighed in on GE. Morgan Stanley downgraded General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 price target for the company. in a research report on Monday, October 23rd. Deutsche Bank set a $21.00 price target on General Electric and gave the stock a “sell” rating in a research report on Monday, October 23rd. Goldman Sachs Group set a $22.00 price target on General Electric and gave the stock a “neutral” rating in a research report on Monday, October 23rd. UBS Group downgraded General Electric from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $31.00 to $24.00 in a research report on Monday, October 23rd. Finally, Royal Bank of Canada set a $25.00 price target on General Electric and gave the stock a “buy” rating in a research report on Monday, October 23rd. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $21.09.
A number of institutional investors have recently modified their holdings of the stock. Peak Financial Management Inc. lifted its stake in shares of General Electric by 0.3% during the second quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock worth $251,000 after purchasing an additional 25 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in shares of General Electric by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock worth $557,000 after purchasing an additional 67 shares in the last quarter. NorthRock Partners LLC lifted its stake in shares of General Electric by 0.9% during the second quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock worth $241,000 after purchasing an additional 80 shares in the last quarter. Valmark Advisers Inc. lifted its stake in shares of General Electric by 1.4% during the second quarter. Valmark Advisers Inc. now owns 9,797 shares of the conglomerate’s stock worth $265,000 after purchasing an additional 138 shares in the last quarter. Finally, Shapiro Capital Management LLC lifted its stake in shares of General Electric by 0.8% during the second quarter. Shapiro Capital Management LLC now owns 18,868 shares of the conglomerate’s stock worth $510,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 54.98% of the company’s stock.
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General Electric Company Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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