Investors purchased shares of General Electric (NYSE:GE) on weakness during trading on Tuesday. $217.77 million flowed into the stock on the tick-up and $124.24 million flowed out of the stock on the tick-down, for a money net flow of $93.53 million into the stock. Of all equities tracked, General Electric had the 11th highest net in-flow for the day. General Electric traded down ($0.31) for the day and closed at $14.74
A number of analysts have recently weighed in on GE shares. JPMorgan Chase & Co. lowered their price target on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Wednesday, November 1st. Vertical Research set a $18.00 target price on shares of General Electric and gave the stock a “hold” rating in a research note on Tuesday, January 16th. UBS Group began coverage on shares of General Electric in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $17.00 target price for the company. TheStreet cut shares of General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. Finally, Citigroup set a $25.00 target price on shares of General Electric and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.86.
The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 2.09. The firm has a market cap of $127,830.00, a P/E ratio of 13.65, a P/E/G ratio of 2.86 and a beta of 0.93.
General Electric (NYSE:GE) last announced its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The business had revenue of $31.40 billion for the quarter, compared to analyst estimates of $33.93 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. analysts predict that General Electric will post 0.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s payout ratio is 44.44%.
In other General Electric news, insider Alexander Dimitrief acquired 2,689 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the purchase, the insider now owns 81,185 shares in the company, valued at approximately $1,311,949.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.
Several large investors have recently bought and sold shares of GE. Ffcm LLC purchased a new stake in General Electric in the 2nd quarter worth $114,000. MPS Loria Financial Planners LLC purchased a new stake in General Electric in the 2nd quarter worth $113,000. Corbenic Partners LLC increased its holdings in General Electric by 15.7% in the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after acquiring an additional 725 shares in the last quarter. Ford Financial Group Inc. purchased a new stake in General Electric in the 4th quarter worth $108,000. Finally, Bristlecone Advisors LLC purchased a new stake in General Electric in the 3rd quarter worth $164,000. 55.17% of the stock is owned by hedge funds and other institutional investors.
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General Electric Company Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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