General Electric’s (GE) “Market Perform” Rating Reiterated at Oppenheimer Holdings Inc.
General Electric Co. (NYSE:GE)‘s stock had its “market perform” rating reiterated by stock analysts at Oppenheimer Holdings Inc. in a research note issued on Thursday.
A number of other research analysts have also recently issued reports on the stock. Credit Suisse Group AG reissued a “buy” rating on shares of General Electric in a research report on Saturday, July 9th. Morgan Stanley lowered their price target on shares of General Electric from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday. Vetr cut shares of General Electric from a “buy” rating to a “hold” rating and set a $30.93 price target for the company. in a research report on Tuesday, June 14th. JPMorgan Chase & Co. reissued a “sell” rating on shares of General Electric in a research report on Wednesday, June 29th. Finally, William Blair set a $38.00 price target on shares of General Electric and gave the company a “buy” rating in a research report on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $32.60.
General Electric (NYSE:GE) traded down 0.41% on Thursday, hitting $29.38. 2,294,407 shares of the stock were exchanged. General Electric has a 12 month low of $27.10 and a 12 month high of $33.00. The stock has a market cap of $263.28 billion, a price-to-earnings ratio of 24.84 and a beta of 1.15. The company has a 50-day moving average of $30.44 and a 200-day moving average of $30.79.
General Electric (NYSE:GE) last announced its earnings results on Friday, July 22nd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $33.49 million for the quarter, compared to analyst estimates of $31.76 billion. General Electric had a net margin of 9.14% and a return on equity of 15.04%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, equities analysts predict that General Electric will post $1.50 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Monday, September 19th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.12%. General Electric’s dividend payout ratio is 77.97%.
In related news, Chairman Jeffrey R. Immelt bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was purchased at an average price of $31.45 per share, for a total transaction of $1,572,500.00. Following the completion of the transaction, the chairman now owns 2,198,688 shares in the company, valued at $69,148,737.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Catamount Wealth Management raised its position in shares of General Electric by 35.3% in the first quarter. Catamount Wealth Management now owns 3,451 shares of the company’s stock worth $110,000 after buying an additional 901 shares in the last quarter. Cable Hill Partners LLC raised its position in shares of General Electric by 0.4% in the second quarter. Cable Hill Partners LLC now owns 4,447 shares of the company’s stock worth $141,000 after buying an additional 19 shares in the last quarter. Global X Management Co. LLC raised its position in shares of General Electric by 58.6% in the second quarter. Global X Management Co. LLC now owns 5,058 shares of the company’s stock worth $159,000 after buying an additional 1,868 shares in the last quarter. James Investment Research Inc. raised its position in shares of General Electric by 2.6% in the second quarter. James Investment Research Inc. now owns 5,850 shares of the company’s stock worth $184,000 after buying an additional 150 shares in the last quarter. Finally, Balentine LLC raised its position in shares of General Electric by 62.2% in the second quarter. Balentine LLC now owns 5,936 shares of the company’s stock worth $187,000 after buying an additional 2,277 shares in the last quarter. Hedge funds and other institutional investors own 55.81% of the company’s stock.
General Electric Company Profile
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