Shares of General Electric (NYSE:GE) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.60 and last traded at $11.70, with a volume of 4248819 shares traded. The stock had previously closed at $12.15.

GE has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “neutral” rating and set a $15.00 target price on shares of General Electric in a research report on Wednesday, August 8th. JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $11.00 target price on shares of General Electric in a research report on Monday, May 28th. Zacks Investment Research raised shares of General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Bank of America reduced their target price on shares of General Electric from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 27th. Finally, Gabelli reaffirmed a “buy” rating on shares of General Electric in a research report on Monday. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.34.

The firm has a market cap of $105.67 billion, a PE ratio of 11.09, a P/E/G ratio of 2.30 and a beta of 0.97. The company has a current ratio of 1.81, a quick ratio of 1.51 and a debt-to-equity ratio of 1.39.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, July 20th. The conglomerate reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The company had revenue of $30.10 billion for the quarter, compared to analyst estimates of $29.39 billion. General Electric had a negative net margin of 6.59% and a positive return on equity of 10.40%. General Electric’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. analysts anticipate that General Electric will post 0.96 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Monday, September 17th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.10%. The ex-dividend date is Friday, September 14th. General Electric’s payout ratio is 45.71%.

In other General Electric news, Director H Lawrence Culp, Jr. acquired 191,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 24th. The shares were bought at an average cost of $13.04 per share, with a total value of $2,490,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.12% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in GE. Messner & Smith Theme Value Investment Management Ltd. CA lifted its stake in shares of General Electric by 986.2% during the fourth quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 118,721 shares of the conglomerate’s stock worth $2,072,000 after buying an additional 107,791 shares during the period. IBM Retirement Fund lifted its stake in shares of General Electric by 6.3% during the fourth quarter. IBM Retirement Fund now owns 229,066 shares of the conglomerate’s stock worth $4,359,000 after buying an additional 13,515 shares during the period. River & Mercantile Asset Management LLP acquired a new stake in shares of General Electric during the fourth quarter worth $2,216,000. Wealth Advisors of Tampa Bay LLC acquired a new stake in shares of General Electric during the fourth quarter worth $4,918,000. Finally, Ffcm LLC lifted its stake in shares of General Electric by 21.2% during the fourth quarter. Ffcm LLC now owns 330,503 shares of the conglomerate’s stock worth $5,767,000 after buying an additional 57,912 shares during the period. Institutional investors own 53.69% of the company’s stock.

About General Electric (NYSE:GE)

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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