General Electric (GE) to Issue Quarterly Dividend of $0.28 on January 27th

General Electric (NYSE:GE) announced a quarterly dividend on Friday, December 13th,RTT News reports. Stockholders of record on Friday, December 27th will be given a dividend of 0.28 per share by the conglomerate on Monday, January 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%.

General Electric has a payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect General Electric to earn $5.19 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 21.6%.

General Electric Price Performance

NYSE:GE opened at $166.01 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. General Electric has a one year low of $95.92 and a one year high of $194.80. The company has a fifty day moving average price of $180.30 and a 200 day moving average price of $172.44. The stock has a market cap of $179.67 billion, a P/E ratio of 29.18, a PEG ratio of 1.66 and a beta of 1.17.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Analysts anticipate that General Electric will post 4.24 earnings per share for the current year.

Insiders Place Their Bets

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GE. Sanford C. Bernstein increased their price target on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Citigroup increased their target price on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their price target on General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada lowered their price target on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group lifted their price objective on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus target price of $201.93.

General Electric Company Profile

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.