General Electric Company (NYSE:GE) has received an average rating of “Hold” from the twenty-four analysts that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $23.39.

Several equities research analysts have recently issued reports on GE shares. Argus reduced their price target on General Electric from $30.00 to $27.00 and set a “buy” rating for the company in a report on Monday, September 18th. Royal Bank of Canada reiterated a “buy” rating and set a $31.00 price target on shares of General Electric in a report on Friday, September 15th. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target for the company. in a report on Wednesday, September 13th. Stifel Nicolaus reiterated a “buy” rating and set a $26.00 price target on shares of General Electric in a report on Thursday, October 12th. Finally, Bank of America upgraded General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a report on Monday, October 23rd.

Shares of General Electric (NYSE GE) opened at $17.82 on Friday. The stock has a market capitalization of $152,975.58, a PE ratio of 14.23, a PEG ratio of 1.91 and a beta of 1.06. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. General Electric has a 1-year low of $17.46 and a 1-year high of $32.38.

General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 earnings per share. sell-side analysts anticipate that General Electric will post 1.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, December 27th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Tuesday, December 26th. General Electric’s payout ratio is 120.00%.

In other General Electric news, Chairman John Leonard Flannery purchased 60,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the transaction, the chairman now directly owns 575,477 shares in the company, valued at approximately $10,513,964.79. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Francisco Dsouza purchased 55,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was acquired at an average cost of $17.94 per share, for a total transaction of $986,700.00. The disclosure for this purchase can be found here. Insiders purchased a total of 120,500 shares of company stock worth $2,183,220 over the last three months. 0.36% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Warren Averett Asset Management LLC increased its position in shares of General Electric by 7.0% during the second quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock valued at $2,805,000 after purchasing an additional 6,799 shares during the period. Sabal Trust CO increased its position in shares of General Electric by 5.4% during the second quarter. Sabal Trust CO now owns 1,080,995 shares of the conglomerate’s stock valued at $29,198,000 after purchasing an additional 55,049 shares during the period. Rockland Trust Co. increased its position in shares of General Electric by 8.6% during the second quarter. Rockland Trust Co. now owns 205,544 shares of the conglomerate’s stock valued at $5,552,000 after purchasing an additional 16,309 shares during the period. Stoneridge Investment Partners LLC increased its position in shares of General Electric by 23.4% during the second quarter. Stoneridge Investment Partners LLC now owns 325,787 shares of the conglomerate’s stock valued at $8,800,000 after purchasing an additional 61,746 shares during the period. Finally, Rothschild Investment Corp IL boosted its stake in General Electric by 2.4% in the 2nd quarter. Rothschild Investment Corp IL now owns 465,351 shares of the conglomerate’s stock valued at $12,569,000 after buying an additional 10,906 shares in the last quarter. 55.74% of the stock is currently owned by institutional investors.

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