General Electric (NYSE:GE) Trading 1.7% Higher

Shares of General Electric (NYSE:GE) shot up 1.7% during trading on Monday . The company traded as high as $164.71 and last traded at $163.99. 649,092 shares traded hands during trading, a decline of 90% from the average session volume of 6,665,447 shares. The stock had previously closed at $161.23.

Analyst Ratings Changes

GE has been the topic of several research analyst reports. Barclays raised their price objective on shares of General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. UBS Group increased their price target on shares of General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a report on Monday, July 1st. Royal Bank of Canada boosted their price objective on shares of General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Jefferies Financial Group increased their target price on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on General Electric from $195.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and a consensus target price of $191.14.

General Electric Trading Down 0.4 %

The firm has a market cap of $182.09 billion, a P/E ratio of 53.38, a price-to-earnings-growth ratio of 1.60 and a beta of 1.18. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The company’s fifty day moving average price is $166.02 and its two-hundred day moving average price is $163.58.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The firm had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that General Electric will post 4.2 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. General Electric’s dividend payout ratio is 36.72%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Studio Investment Management LLC raised its stake in shares of General Electric by 97.5% in the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 78 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of General Electric in the second quarter valued at approximately $31,000. Kapitalo Investimentos Ltda bought a new position in General Electric in the 4th quarter worth approximately $32,000. Financial Connections Group Inc. acquired a new position in General Electric during the 2nd quarter worth $32,000. Finally, Richardson Financial Services Inc. acquired a new position in General Electric during the 1st quarter worth $34,000. 74.77% of the stock is owned by institutional investors.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.