General Electric (GE) PT Set at $14.00 by Goldman Sachs
Other equities research analysts have also recently issued research reports about the company. Morningstar set a $23.50 price target on General Electric and gave the stock a buy rating in a report on Tuesday, January 23rd. Vetr cut General Electric from a strong-buy rating to a buy rating and set a $21.08 target price on the stock. in a report on Wednesday, January 10th. Citigroup lowered their target price on General Electric from $24.00 to $23.00 and set a buy rating on the stock in a report on Thursday, January 25th. TheStreet cut General Electric from a c rating to a d+ rating in a report on Wednesday, January 24th. Finally, Barclays started coverage on General Electric in a report on Thursday, February 15th. They set an equal weight rating and a $16.00 target price on the stock. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $17.86.
GE opened at $14.05 on Monday. The company has a market capitalization of $126,071.01, a P/E ratio of 13.38, a PEG ratio of 2.72 and a beta of 1.02. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.59 and a current ratio of 1.87. General Electric has a 1-year low of $12.73 and a 1-year high of $29.55.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Friday, February 23rd. General Electric’s dividend payout ratio is presently 45.71%.
In other General Electric news, insider Alexander Dimitrief purchased 2,689 shares of General Electric stock in a transaction on Monday, January 29th. The shares were bought at an average price of $16.16 per share, with a total value of $43,454.24. Following the purchase, the insider now directly owns 81,185 shares in the company, valued at approximately $1,311,949.60. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.12% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Ackerman Capital Advisors LLC purchased a new position in shares of General Electric in the 4th quarter worth $225,000. Wagner Wealth Management LLC purchased a new position in shares of General Electric in the 4th quarter worth $624,000. Hanson McClain Inc. raised its position in shares of General Electric by 28.7% in the 4th quarter. Hanson McClain Inc. now owns 33,287 shares of the conglomerate’s stock worth $581,000 after buying an additional 7,416 shares during the period. Penbrook Management LLC purchased a new position in shares of General Electric in the 4th quarter worth $312,000. Finally, CNB Bank purchased a new position in shares of General Electric in the 4th quarter worth $1,028,000. 56.12% of the stock is currently owned by institutional investors.
General Electric Company Profile
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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