GE has been the topic of a number of other research reports. Morningstar set a $23.50 price objective on General Electric and gave the company a buy rating in a report on Tuesday, January 23rd. Citigroup lowered their price objective on General Electric from $24.00 to $23.00 and set a buy rating on the stock in a report on Thursday, January 25th. Stifel Nicolaus set a $18.00 price target on General Electric and gave the stock a neutral rating in a research note on Monday, December 11th. Cowen reissued a market perform rating and set a $15.00 price target (down previously from $17.00) on shares of General Electric in a research note on Monday, February 26th. Finally, UBS began coverage on General Electric in a research note on Tuesday, January 23rd. They set a neutral rating and a $17.00 price target on the stock. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $17.86.
Shares of GE opened at $13.49 on Tuesday. General Electric has a twelve month low of $12.73 and a twelve month high of $30.54. The company has a market capitalization of $114,436.36, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.59 and a current ratio of 1.87.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.56%. General Electric’s dividend payout ratio is currently 45.71%.
In related news, insider Alexander Dimitrief acquired 2,689 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.12% of the company’s stock.
Several institutional investors have recently modified their holdings of GE. Franklin Resources Inc. raised its holdings in General Electric by 64.6% in the 4th quarter. Franklin Resources Inc. now owns 184,682,929 shares of the conglomerate’s stock valued at $3,222,649,000 after acquiring an additional 72,489,551 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in General Electric by 4,215.4% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 54,124,364 shares of the conglomerate’s stock valued at $1,308,727,000 after acquiring an additional 52,870,164 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in General Electric by 167.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 62,730,118 shares of the conglomerate’s stock valued at $1,094,640,000 after acquiring an additional 39,268,675 shares during the last quarter. American International Group Inc. raised its holdings in General Electric by 823.5% in the 4th quarter. American International Group Inc. now owns 27,837,013 shares of the conglomerate’s stock valued at $485,756,000 after acquiring an additional 24,822,828 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in General Electric by 3.9% in the 2nd quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock valued at $13,972,691,000 after acquiring an additional 19,422,516 shares during the last quarter. Hedge funds and other institutional investors own 56.30% of the company’s stock.
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About General Electric
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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