Shares of General Electric Company (NYSE:GE) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $18.86 and last traded at $18.96, with a volume of 178824902 shares changing hands. The stock had previously closed at $20.49.

A number of research firms recently issued reports on GE. Vetr downgraded General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 target price on the stock. in a research report on Wednesday, September 13th. UBS AG reaffirmed a “buy” rating and issued a $31.00 target price (down previously from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Stifel Nicolaus lowered their target price on General Electric from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and issued a $31.00 target price (down previously from $34.00) on shares of General Electric in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $31.00 target price on shares of General Electric in a research report on Friday, September 15th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and a consensus price target of $25.55.

The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. The stock has a market cap of $167,370.00, a P/E ratio of 16.53, a PEG ratio of 2.15 and a beta of 1.11.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.20). The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. equities analysts anticipate that General Electric Company will post 1.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, September 18th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Friday, September 15th. General Electric’s dividend payout ratio (DPR) is currently 111.63%.

In related news, Director James S. Tisch purchased 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average cost of $24.56 per share, for a total transaction of $2,456,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.36% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in GE. Franklin Resources Inc. raised its position in General Electric by 43.8% during the second quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock valued at $2,107,438,000 after purchasing an additional 23,764,129 shares in the last quarter. BlackRock Inc. raised its position in General Electric by 3.9% during the second quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock valued at $13,972,691,000 after purchasing an additional 19,422,516 shares in the last quarter. Capital Research Global Investors raised its position in General Electric by 18.6% during the second quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock valued at $2,463,459,000 after purchasing an additional 14,316,281 shares in the last quarter. Boston Partners raised its position in General Electric by 7,892.3% during the second quarter. Boston Partners now owns 14,228,611 shares of the conglomerate’s stock valued at $384,315,000 after purchasing an additional 14,050,581 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in General Electric by 1,011.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 14,632,325 shares of the conglomerate’s stock valued at $395,219,000 after purchasing an additional 13,315,605 shares in the last quarter. Institutional investors and hedge funds own 54.29% of the company’s stock.

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