Traders sold shares of General Electric (NYSE:GE) on strength during trading hours on Monday. $133.74 million flowed into the stock on the tick-up and $227.12 million flowed out of the stock on the tick-down, for a money net flow of $93.38 million out of the stock. Of all stocks tracked, General Electric had the 0th highest net out-flow for the day. General Electric traded up $0.20 for the day and closed at $15.05
GE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Wednesday, November 1st. Vertical Research set a $18.00 price objective on General Electric and gave the company a “hold” rating in a research note on Tuesday, January 16th. UBS Group assumed coverage on General Electric in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $17.00 price objective for the company. TheStreet downgraded General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. Finally, Goldman Sachs Group set a $22.00 price target on General Electric and gave the stock a “neutral” rating in a research note on Tuesday, November 14th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. General Electric currently has an average rating of “Hold” and an average target price of $19.86.
The company has a debt-to-equity ratio of 2.09, a current ratio of 1.86 and a quick ratio of 1.53. The company 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 issued its earnings results 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 positive return on equity of 12.26% and a negative net margin of 4.74%. The company had revenue of $31.40 billion during the quarter, compared to the consensus estimate of $33.93 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. equities research analysts predict that General Electric will post 0.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 annualized dividend and a yield of 3.26%. General Electric’s dividend payout ratio is currently 44.44%.
In related news, insider Alexander Dimitrief bought 2,689 shares of the business’s stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the purchase, the insider now directly owns 81,185 shares in the company, valued at $1,311,949.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ford Financial Group Inc. purchased a new stake in shares of General Electric in the 4th quarter valued at about $108,000. MPS Loria Financial Planners LLC purchased a new stake in shares of General Electric in the 2nd quarter valued at about $113,000. Ffcm LLC purchased a new stake in shares of General Electric in the 2nd quarter valued at about $114,000. Santori & Peters Inc. purchased a new stake in shares of General Electric in the 4th quarter valued at about $120,000. Finally, Avestar Capital LLC purchased a new position in shares of General Electric during the 4th quarter valued at about $137,000. Institutional investors and hedge funds own 55.17% of the company’s stock.
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About General Electric
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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