BMO Capital Markets reiterated their hold rating on shares of General Electric Company (NYSE:GE) in a report released on Thursday, StockTargetPrices.com reports.
GE has been the topic of a number of other research reports. Zacks Investment Research lowered General Electric Company from a hold rating to a sell rating in a research report on Wednesday, November 30th. Vetr raised General Electric Company from a hold rating to a buy rating and set a $32.17 target price on the stock in a research report on Wednesday, November 30th. William Blair reissued an outperform rating and issued a $35.00 target price on shares of General Electric Company in a research report on Tuesday, December 6th. Royal Bank of Canada set a $37.00 target price on General Electric Company and gave the company a buy rating in a research report on Thursday, December 15th. Finally, Stifel Nicolaus set a $34.00 target price on General Electric Company and gave the company a buy rating in a research report on Thursday, December 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $33.37.
General Electric Company (NYSE:GE) traded up 0.2508% during midday trading on Thursday, hitting $29.6943. The stock had a trading volume of 6,729,232 shares. The firm has a market capitalization of $259.08 billion, a price-to-earnings ratio of 33.2523 and a beta of 1.20. The firm has a 50-day moving average price of $29.91 and a 200-day moving average price of $30.25. General Electric Company has a 1-year low of $28.19 and a 1-year high of $33.00.
General Electric Company (NYSE:GE) last released its quarterly earnings results on Friday, January 20th. The company reported $0.46 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.46. The company had revenue of $33.10 billion for the quarter, compared to analyst estimates of $33.67 billion. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. General Electric Company’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. On average, equities research analysts anticipate that General Electric Company will post $1.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Monday, February 27th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, February 23rd. This represents a $0.96 annualized dividend and a dividend yield of 3.24%. General Electric Company’s dividend payout ratio is currently 106.67%.
In other news, Vice Chairman David Leon Joyce sold 159,662 shares of General Electric Company stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $29.56, for a total transaction of $4,719,608.72. Following the completion of the transaction, the insider now directly owns 738,907 shares in the company, valued at approximately $21,842,090.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey S. Bornstein bought 5,000 shares of General Electric Company stock in a transaction dated Tuesday, January 31st. The shares were acquired at an average price of $29.63 per share, with a total value of $148,150.00. Following the completion of the purchase, the insider now directly owns 68,757 shares in the company, valued at approximately $2,037,269.91. The disclosure for this purchase can be found here. Insiders own 0.23% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its stake in General Electric Company by 3.0% in the fourth quarter. State Street Corp now owns 357,567,340 shares of the company’s stock valued at $11,299,139,000 after buying an additional 10,321,746 shares during the period. FMR LLC increased its stake in General Electric Company by 0.7% in the fourth quarter. FMR LLC now owns 130,741,961 shares of the company’s stock valued at $4,131,446,000 after buying an additional 900,672 shares during the period. Norges Bank purchased a new stake in General Electric Company during the fourth quarter valued at about $2,383,193,000. Trustees of General Electric Pension Trust purchased a new stake in General Electric Company during the fourth quarter valued at about $1,038,590,000. Finally, Fisher Asset Management LLC increased its stake in General Electric Company by 0.4% in the third quarter. Fisher Asset Management LLC now owns 31,455,841 shares of the company’s stock valued at $931,722,000 after buying an additional 140,857 shares during the period. Institutional investors own 54.68% of the company’s stock.
About General Electric Company