Several other research firms have also recently issued reports on GE. Vetr cut General Electric from a strong-buy rating to a buy rating and set a $21.08 price objective for the company. in a research report on Wednesday, January 10th. JPMorgan Chase reaffirmed a sell rating and set a price objective on shares of General Electric in a research report on Monday, January 15th. Deutsche Bank reaffirmed a sell rating and set a $15.00 price objective on shares of General Electric in a research report on Wednesday, January 17th. Vertical Research set a $18.00 price objective on General Electric and gave the stock a hold rating in a research report on Tuesday, January 16th. Finally, Tigress Financial reaffirmed a hold rating on shares of General Electric in a research report on Thursday, December 28th. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. General Electric presently has a consensus rating of Hold and a consensus price target of $17.86.
GE opened at $14.05 on Monday. General Electric has a 12 month low of $12.73 and a 12 month high of $29.55. The firm has a market cap of $126,071.01, a P/E ratio of 13.38, a P/E/G ratio of 2.72 and a beta of 1.02. The company has a quick ratio of 1.59, a current ratio of 1.87 and a debt-to-equity ratio of 1.72.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Friday, February 23rd. General Electric’s dividend payout ratio is presently 45.71%.
In related news, insider Alexander Dimitrief acquired 2,689 shares of General Electric stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $16.16 per share, with a total value 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. 1.12% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of General Electric by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate’s stock worth $16,212,445,000 after buying an additional 3,297,890 shares in the last quarter. BlackRock Inc. raised its stake in shares of General Electric by 1.5% during the 4th quarter. BlackRock Inc. now owns 531,732,530 shares of the conglomerate’s stock worth $9,278,731,000 after buying an additional 7,675,642 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of General Electric by 64.6% during the 4th quarter. Franklin Resources Inc. now owns 184,682,929 shares of the conglomerate’s stock worth $3,222,649,000 after buying an additional 72,489,551 shares in the last quarter. Capital World Investors raised its stake in shares of General Electric by 8.6% during the 2nd quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate’s stock worth $3,817,125,000 after buying an additional 11,194,678 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in shares of General Electric by 18.6% during the 2nd quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock worth $2,463,459,000 after buying an additional 14,316,281 shares in the last quarter. 56.12% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Goldman Sachs Analysts Give General Electric (GE) a $14.00 Price Target” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.chaffeybreeze.com/2018/04/26/goldman-sachs-analysts-give-general-electric-ge-a-14-00-price-target.html.
About General Electric
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.