General Electric (NYSE:GE) had its price target lowered by Stifel Nicolaus from $15.00 to $13.00 in a report released on Tuesday, Marketbeat Ratings reports. Stifel Nicolaus currently has a hold rating on the conglomerate’s stock.
Several other equities research analysts have also recently commented on GE. TheStreet cut General Electric from a c rating to a d+ rating in a research report on Wednesday, January 24th. DZ Bank reissued a sell rating on shares of General Electric in a research report on Tuesday. Vetr cut General Electric from a strong-buy rating to a buy rating and set a $21.08 target price on the stock. in a research report on Wednesday, January 10th. Deutsche Bank set a $15.00 target price on General Electric and gave the stock a sell rating in a research report on Wednesday, January 31st. Finally, Vertical Research set a $16.00 target price on General Electric and gave the stock a hold rating in a research report on Tuesday, February 13th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. General Electric currently has an average rating of Hold and an average price target of $18.09.
General Electric stock opened at $13.06 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.59 and a current ratio of 1.87. General Electric has a one year low of $12.73 and a one year high of $30.54. The firm has a market cap of $116,607.00, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 2.61 and a beta of 1.02.
General Electric (NYSE:GE) last released its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing the 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 11.60%. The business had revenue of $31.40 billion for the quarter, compared to analysts’ expectations of $33.93 billion. During the same period last year, the business earned $0.46 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. equities analysts anticipate that General Electric will post 0.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s dividend payout ratio (DPR) is currently 45.71%.
In related news, insider Alexander Dimitrief acquired 2,689 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $16.16 per share, with a total value of $43,454.24. Following the completion of the purchase, the insider now directly owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.12% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of GE. Vanguard Group Inc. increased its stake in General Electric by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate’s stock worth $16,212,445,000 after acquiring an additional 3,297,890 shares during the last quarter. BlackRock Inc. increased its stake in General Electric by 1.5% in the 4th quarter. BlackRock Inc. now owns 531,732,530 shares of the conglomerate’s stock worth $9,278,731,000 after acquiring an additional 7,675,642 shares during the last quarter. Franklin Resources Inc. increased its stake in General Electric by 64.6% in the 4th quarter. Franklin Resources Inc. now owns 184,682,929 shares of the conglomerate’s stock worth $3,222,649,000 after acquiring an additional 72,489,551 shares during the last quarter. Capital World Investors increased its stake in General Electric by 8.6% in the 2nd quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate’s stock worth $3,817,125,000 after acquiring an additional 11,194,678 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in General Electric by 18.6% in the 2nd quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock worth $2,463,459,000 after acquiring an additional 14,316,281 shares during the last quarter. 56.30% of the stock is currently owned by hedge funds and other institutional investors.
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General Electric Company Profile
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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