General Electric Company (GE) Received “Hold” Rating at BMO Capital Markets

General Electric Company (GE) Received “Hold” Rating at BMO Capital Markets

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.

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