General Electric (NYSE:GE – Get Free Report) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 11,410,000 shares, a decrease of 8.3% from the January 15th total of 12,440,000 shares. Based on an average daily trading volume, of 5,230,000 shares, the short-interest ratio is presently 2.2 days. Approximately 1.1% of the company’s shares are sold short.
General Electric Stock Up 0.1 %
GE stock traded up $0.26 during trading on Monday, hitting $208.62. 4,267,083 shares of the stock traded hands, compared to its average volume of 6,009,583. General Electric has a 1 year low of $117.43 and a 1 year high of $211.42. The firm’s 50 day moving average is $182.66 and its two-hundred day moving average is $179.40. The stock has a market cap of $223.91 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.
General Electric (NYSE:GE – Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, sell-side analysts anticipate that General Electric will post 5.39 EPS for the current year.
General Electric Increases Dividend
Institutional Trading of General Electric
Several institutional investors have recently bought and sold shares of GE. Truvestments Capital LLC boosted its holdings in shares of General Electric by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of General Electric by 17.6% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate’s stock worth $56,000 after buying an additional 50 shares during the last quarter. Ballast Advisors LLC boosted its holdings in shares of General Electric by 2.5% in the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate’s stock worth $349,000 after buying an additional 51 shares during the last quarter. Blue Barn Wealth LLC boosted its holdings in shares of General Electric by 3.8% in the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate’s stock worth $245,000 after buying an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its holdings in shares of General Electric by 10.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate’s stock worth $96,000 after buying an additional 55 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have commented on GE shares. Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company upped their price objective on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Melius Research upped their price objective on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Three research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $208.73.
Read Our Latest Stock Report on General Electric
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.
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