General Electric (NYSE:GE) Trading Down 0.1%

General Electric (NYSE:GE) dropped 0.1% during mid-day trading on Thursday . The company traded as low as $157.12 and last traded at $158.99. Approximately 1,862,756 shares were traded during trading, a decline of 77% from the average daily volume of 8,087,755 shares. The stock had previously closed at $159.19.

Wall Street Analyst Weigh In

GE has been the topic of several research analyst reports. Vertical Research started coverage on General Electric in a research note on Thursday, April 4th. They set a “buy” rating and a $160.00 price objective on the stock. StockNews.com started coverage on shares of General Electric in a report on Sunday. They set a “hold” rating on the stock. Oppenheimer reiterated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Barclays dropped their price objective on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada upped their target price on shares of General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus target price of $167.29.

General Electric Trading Up 1.3 %

The company has a market cap of $176.30 billion, a P/E ratio of 52.13, a P/E/G ratio of 3.05 and a beta of 1.29. The business’s 50-day moving average price is $160.20 and its 200 day moving average price is $135.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.17.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. General Electric’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. As a group, analysts expect that General Electric will post 3.95 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio is 36.72%.

Insiders Place Their Bets

In related news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On General Electric

Institutional investors have recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC increased its holdings in General Electric by 29.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock valued at $3,613,000 after buying an additional 6,419 shares during the period. Fifth Third Bancorp raised its position in General Electric by 12.5% during the fourth quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock valued at $33,335,000 after purchasing an additional 28,985 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in General Electric by 10.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock worth $12,087,000 after purchasing an additional 10,722 shares during the last quarter. Grandfield & Dodd LLC lifted its stake in General Electric by 9.3% during the fourth quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock worth $34,432,000 after purchasing an additional 22,998 shares during the last quarter. Finally, Hoey Investments Inc. boosted its holdings in shares of General Electric by 51,152.3% in the 3rd quarter. Hoey Investments Inc. now owns 22,551 shares of the conglomerate’s stock valued at $2,493,000 after purchasing an additional 22,507 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

General Electric Company Profile

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.