General Electric (NYSE:GE) Receives $211.31 Average PT from Brokerages

Shares of General Electric (NYSE:GE) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $211.31.

Several research analysts recently issued reports on the stock. Bank of America increased their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. UBS Group raised their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective on the stock.

Institutional Trading of General Electric

A number of large investors have recently added to or reduced their stakes in GE. New Age Alpha Advisors LLC increased its holdings in General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock worth $25,000 after buying an additional 84 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in General Electric during the fourth quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in General Electric during the fourth quarter worth about $28,000. Putney Financial Group LLC purchased a new stake in General Electric during the fourth quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in General Electric during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 0.0 %

NYSE:GE opened at $203.99 on Wednesday. The firm has a market cap of $218.94 billion, a P/E ratio of 34.06, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a 52 week low of $133.99 and a 52 week high of $212.19. The firm’s fifty day moving average is $198.63 and its 200-day moving average is $185.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping 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%. Equities analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is 24.04%.

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.