General Electric Co. (NYSE:GE) Chairman Jeffrey R. Immelt bought 50,000 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were bought at an average price of $29.24 per share, with a total value of $1,462,000.00. Following the purchase, the chairman now owns 2,248,688 shares in the company, valued at approximately $65,751,637.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

General Electric Co. (NYSE:GE) opened at 30.71 on Monday. General Electric Co. has a 52-week low of $27.10 and a 52-week high of $33.00. The company’s 50 day moving average is $29.21 and its 200-day moving average is $30.40. The firm has a market cap of $271.67 billion, a P/E ratio of 26.47 and a beta of 1.20.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, October 21st. The company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $29.30 billion for the quarter, compared to analysts’ expectations of $29.64 billion. General Electric had a net margin of 8.93% and a return on equity of 16.08%. General Electric’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. On average, equities analysts predict that General Electric Co. will post $1.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 25th. Investors of record on Monday, September 19th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Thursday, September 15th. General Electric’s dividend payout ratio (DPR) is 80.00%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Chelsea Counsel Co. boosted its position in General Electric by 1.7% in the first quarter. Chelsea Counsel Co. now owns 166,072 shares of the company’s stock valued at $5,280,000 after buying an additional 2,700 shares during the period. Catamount Wealth Management boosted 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 during the last quarter. Nexus Investment Management Inc. boosted its position in shares of General Electric by 0.4% in the second quarter. Nexus Investment Management Inc. now owns 691,285 shares of the company’s stock worth $21,762,000 after buying an additional 2,600 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in shares of General Electric by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 111,883 shares of the company’s stock worth $3,522,000 after buying an additional 672 shares during the last quarter. Finally, First PREMIER Bank boosted its position in shares of General Electric by 2.8% in the second quarter. First PREMIER Bank now owns 74,098 shares of the company’s stock worth $2,332,000 after buying an additional 1,990 shares during the last quarter. Institutional investors own 55.50% of the company’s stock.

Several brokerages have weighed in on GE. Vetr cut shares of General Electric from a “buy” rating to a “hold” rating and set a $31.80 price objective for the company. in a research note on Monday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $33.00 price objective on shares of General Electric in a research note on Tuesday, November 1st. RBC Capital Markets reiterated an “outperform” rating and issued a $36.00 price objective on shares of General Electric in a research note on Tuesday, November 1st. Stifel Nicolaus set a $33.00 price objective on shares of General Electric and gave the stock a “buy” rating in a research note on Tuesday, November 1st. Finally, Citigroup Inc. set a $34.00 price objective on shares of General Electric and gave the stock a “buy” rating in a research note on Tuesday, November 1st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. General Electric has an average rating of “Hold” and an average target price of $32.56.

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