Shares of General Electric (NYSE:GE) hit a new 52-week low during trading on Thursday . The stock traded as low as $13.56 and last traded at $13.54, with a volume of 38811900 shares changing hands. The stock had previously closed at $13.88.

Several analysts have recently commented on GE shares. Goldman Sachs set a $19.00 target price on shares of General Electric and gave the company a “neutral” rating in a report on Thursday, November 30th. Stifel Nicolaus set a $18.00 target price on shares of General Electric and gave the company a “neutral” rating in a report on Monday, December 11th. Tigress Financial reiterated a “hold” rating on shares of General Electric in a report on Thursday, December 28th. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $16.00 target price (down previously from $17.00) on shares of General Electric in a report on Monday, January 8th. Finally, Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 target price for the company. in a report on Wednesday, January 10th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.27.

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The company has a quick ratio of 1.59, a current ratio of 1.87 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $118,430.34, a PE ratio of -18.54, a price-to-earnings-growth ratio of 2.59 and a beta of 1.00.

General Electric (NYSE:GE) last issued its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $31.40 billion for the quarter, compared to the consensus estimate of $33.93 billion. General Electric had a positive return on equity of 11.60% and a negative net margin of 4.74%. General Electric’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. analysts anticipate that General Electric will post 0.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.60%. General Electric’s dividend payout ratio is presently -66.67%.

In other General Electric news, insider Alexander Dimitrief bought 2,689 shares of the business’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.12% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of GE. Ford Financial Group Inc. bought a new position in shares of General Electric in the fourth quarter valued at approximately $108,000. MPS Loria Financial Planners LLC bought a new position in shares of General Electric in the second quarter valued at approximately $113,000. Ffcm LLC bought a new position in shares of General Electric in the second quarter valued at approximately $114,000. Santori & Peters Inc. bought a new position in shares of General Electric in the fourth quarter valued at approximately $120,000. Finally, Avestar Capital LLC bought a new position in shares of General Electric in the fourth quarter valued at approximately $137,000. Hedge funds and other institutional investors own 56.28% of the company’s stock.

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About General Electric

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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