Brokerages Set General Electric (NYSE:GE) PT at $201.47

Shares of General Electric (NYSE:GE) have been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $201.47.

GE has been the topic of a number of recent analyst reports. Northcoast Research started coverage on General Electric in a research report on Tuesday. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company upped their price objective on shares of General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their target price on shares of 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, Bank of America upped their price target on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd.

Insiders Place Their Bets

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

Institutional Trading of General Electric

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Toth Financial Advisory Corp purchased a new stake in shares of General Electric in the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in General Electric in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric during the third quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in General Electric during the third quarter worth $28,000. Finally, Studio Investment Management LLC boosted its position in shares of General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after buying an additional 78 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Price Performance

NYSE:GE opened at $172.52 on Friday. The company has a 50 day moving average price of $174.36 and a 200-day moving average price of $173.28. General Electric has a 1-year low of $99.37 and a 1-year high of $194.80. The firm has a market cap of $186.72 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. 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 (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. Equities research analysts forecast that General Electric will post 4.24 EPS for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, December 27th. General Electric’s dividend payout ratio (DPR) is currently 19.68%.

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.