General Electric (GE) Trading Down 0%

General Electric (NYSE:GE) was down 0% during mid-day trading on Thursday . The stock traded as low as $14.45 and last traded at $14.45. Approximately 134,120,624 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 102,090,000 shares. The stock had previously closed at $14.45.

Several equities research analysts have recently issued reports on GE shares. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $16.00 price target (down from $17.00) on shares of General Electric in a research report on Monday, January 8th. Goldman Sachs Group set a $22.00 target price on General Electric and gave the stock a “neutral” rating in a research report on Tuesday, November 14th. Bank of America raised General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, October 23rd. Stifel Nicolaus set a $22.00 price objective on General Electric and gave the company a “neutral” rating in a report on Tuesday, November 14th. Finally, Morningstar set a $23.50 price objective on General Electric and gave the company a “buy” rating in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $21.31.

The company has a market capitalization of $133,950.00, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 2.74 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.86 and a quick ratio of 1.53.

General Electric (NYSE:GE) last announced its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. General Electric had a positive return on equity of 12.26% and a negative net margin of 4.74%. General Electric’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. research analysts anticipate that General Electric will post 0.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s payout ratio is presently 44.44%.

In related news, insider Alexander Dimitrief purchased 2,689 shares of the stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $16.16 per share, with a total value of $43,454.24. Following the acquisition, the insider now directly owns 81,185 shares in the company, valued at $1,311,949.60. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Francisco Dsouza purchased 55,000 shares of the stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $17.94 per share, for a total transaction of $986,700.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 124,370 shares of company stock worth $2,245,570 over the last three months. Insiders own 0.36% of the company’s stock.

Institutional investors have recently modified their holdings of the business. MPS Loria Financial Planners LLC bought a new position in General Electric during the second quarter worth $113,000. Ffcm LLC bought a new position in General Electric during the second quarter worth $114,000. Corbenic Partners LLC raised its stake in General Electric by 15.7% during the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after buying an additional 725 shares during the last quarter. Bristlecone Advisors LLC acquired a new stake in General Electric in the third quarter worth $164,000. Finally, Squar Milner Financial Services LLC acquired a new stake in General Electric in the fourth quarter worth $164,000. Hedge funds and other institutional investors own 55.44% of the company’s stock.

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General Electric Company Profile

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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