General Electric Co. (GE) Given Underweight Rating at JPMorgan Chase & Co.
Other analysts also recently issued research reports about the stock. Standpoint Research started coverage on shares of General Electric in a report on Friday, July 22nd. They set a sell rating and a $26.00 price objective on the stock. Vetr raised shares of General Electric from a sell rating to a hold rating and set a $31.67 price objective on the stock in a report on Thursday, July 21st. Morgan Stanley reissued an equal weight rating and set a $32.00 price objective on shares of General Electric in a report on Monday, July 25th. Goldman Sachs Group Inc. boosted their price objective on shares of General Electric from $29.00 to $30.00 and gave the stock a neutral rating in a report on Monday, July 25th. Finally, Citigroup Inc. reissued a buy rating and set a $36.00 price objective on shares of General Electric in a report on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $32.56.
Shares of General Electric (NYSE:GE) traded down 0.20% during mid-day trading on Tuesday, hitting $30.69. 16,372,663 shares of the stock were exchanged. The stock has a market cap of $271.50 billion, a PE ratio of 26.39 and a beta of 1.20. The company has a 50-day moving average of $29.21 and a 200 day moving average of $30.40. General Electric has a one year low of $27.10 and a one year high of $33.00.
General Electric (NYSE:GE) last issued its earnings results on Friday, October 21st. The company reported $0.32 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The business had revenue of $29.30 billion for the quarter, compared to the consensus estimate of $29.64 billion. General Electric had a net margin of 8.93% and a return on equity of 16.08%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. On average, equities analysts predict that General Electric will post $1.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 25th. Shareholders of record on Monday, September 19th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.92 annualized dividend and a yield of 2.99%. General Electric’s payout ratio is 80.00%.
In related news, Chairman Jeffrey R. Immelt bought 50,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were purchased 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 $65,751,637.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Catamount Wealth Management raised its position in General Electric by 35.3% in the first quarter. Catamount Wealth Management now owns 3,451 shares of the company’s stock valued at $110,000 after buying an additional 901 shares during the period. Elefante Mark B acquired a new position in General Electric during the third quarter valued at $116,000. Cable Hill Partners LLC raised its position in General Electric by 0.4% in the second quarter. Cable Hill Partners LLC now owns 4,447 shares of the company’s stock valued at $141,000 after buying an additional 19 shares during the period. Global X Management Co. LLC raised its position in General Electric by 58.6% in the second quarter. Global X Management Co. LLC now owns 5,058 shares of the company’s stock valued at $159,000 after buying an additional 1,868 shares during the period. Finally, Timber Creek Capital Management LLC raised its position in General Electric by 175.3% in the third quarter. Timber Creek Capital Management LLC now owns 5,505 shares of the company’s stock valued at $163,000 after buying an additional 3,505 shares during the period. Institutional investors own 55.50% of the company’s stock.
General Electric Company Profile
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