General Electric (NYSE:GE) Trading 0.6% Higher

General Electric (NYSE:GE) was up 0.6% during trading on Friday . The company traded as high as $160.42 and last traded at $159.78. Approximately 1,775,885 shares traded hands during trading, a decline of 75% from the average daily volume of 7,063,755 shares. The stock had previously closed at $158.79.

Analyst Ratings Changes

Several equities analysts have issued reports on GE shares. UBS Group lifted their price objective on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Vertical Research started coverage on General Electric in a report on Thursday, April 4th. They issued a “buy” rating and a $160.00 price target for the company. Jefferies Financial Group increased their price objective on shares of General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Bank of America raised their price objective on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Barclays decreased their price target on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $181.93.

General Electric Stock Up 0.1 %

The business’s 50-day moving average is $161.89 and its two-hundred day moving average is $154.68. The firm has a market capitalization of $173.97 billion, a price-to-earnings ratio of 52.39, a P/E/G ratio of 1.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts anticipate that General Electric will post 4.02 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. General Electric’s payout ratio is 36.72%.

Insider Buying and Selling

In other news, SVP Russell Stokes sold 45,309 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the transaction, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.66% of the company’s stock.

Institutional Trading of General Electric

A number of institutional investors have recently made changes to their positions in GE. Vanguard Group Inc. lifted its stake in General Electric by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate’s stock valued at $11,288,136,000 after purchasing an additional 550,996 shares during the last quarter. Capital International Investors increased its holdings in shares of General Electric by 9.9% during the 1st quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate’s stock worth $10,373,936,000 after acquiring an additional 5,309,543 shares during the last quarter. Capital World Investors raised its stake in General Electric by 2,818.1% in the 1st quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate’s stock valued at $2,237,930,000 after acquiring an additional 12,312,648 shares during the period. Norges Bank acquired a new stake in General Electric during the 4th quarter valued at $1,193,159,000. Finally, Canada Pension Plan Investment Board boosted its position in General Electric by 221.6% during the first quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate’s stock worth $1,250,079,000 after purchasing an additional 4,907,530 shares during the period. Institutional investors own 74.77% of the company’s stock.

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.