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CGC   6.82 (-2.29%)
DIS   113.87 (+0.81%)
AMC   2.79 (+12.96%)
PFE   25.78 (-0.50%)
PYPL   63.75 (+0.38%)
XOM   118.51 (-0.98%)
QQQ   431.53 (+0.11%)
AAPL   169.37 (-1.92%)
MSFT   416.01 (+0.57%)
META   501.72 (+0.30%)
GOOGL   154.95 (+0.06%)
AMZN   183.77 (+0.08%)
TSLA   156.21 (-3.26%)
NVDA   875.50 (+1.80%)
AMD   163.23 (+1.82%)
NIO   3.85 (-1.03%)
BABA   69.94 (-0.96%)
T   16.01 (-1.42%)
F   12.15 (-0.65%)
MU   121.43 (+0.05%)
GE   155.90 (+1.43%)
CGC   6.82 (-2.29%)
DIS   113.87 (+0.81%)
AMC   2.79 (+12.96%)
PFE   25.78 (-0.50%)
PYPL   63.75 (+0.38%)
XOM   118.51 (-0.98%)

General Electric (GE) Stock Price, News & Analysis

$155.90
+2.20 (+1.43%)
(As of 02:39 PM ET)
Today's Range
$152.00
$156.72
50-Day Range
$136.47
$180.12
52-Week Range
$76.38
$158.68
Volume
3.44 million shs
Average Volume
7.99 million shs
Market Capitalization
$170.44 billion
P/E Ratio
18.63
Dividend Yield
0.72%
Price Target
$160.07

General Electric MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
2.9% Upside
$160.07 Price Target
Short Interest
Healthy
1.04% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.27
Upright™ Environmental Score
News Sentiment
0.54mentions of General Electric in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$5.04 M Sold Last Quarter
Proj. Earnings Growth
28.31%
From $3.78 to $4.85 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.68 out of 5 stars

Transportation Sector

11th out of 114 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

2nd out of 3 stocks

GE stock logo

About General Electric Stock (NYSE:GE)

GE is a multi-national conglomerate that was originally incorporated in 1892. The company was founded by Thomas Edison as the Edison General Electric Company and shortened its name to General Electric following a merger with two other early electric pioneers. The name was later shortened again to GE. The company is headquartered in Boston, Massachusetts but has operations on a global scale. One of the original 12 Dow stocks, the company was a component of the index for 122 years until its ousting in 2018.

Originally intended to make and market Edison’s incandescent lamp and following products, the company grew over the years through mergers, acquisitions, and natural expansion into newly created fields. Among the many early accomplishments is the creation of RCA and NBC which will both become forces of their own. Other major innovations include the world’s first turbine superchargers, industrial gas turbine engines, and the first jet engine. In the field of computing, General Electric Company is credited as being one of the 8 major computer companies of the 1960s and shares responsibility for today’s digital world. In regard to its employees, two were awarded the Nobel Prize for their work with the company.

Today GE operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. The company operates through four segments including Power, Renewables, Aerospace, and Healthcare although there are plans in the works to split the company into three separate entities. The three new companies would be GE Vernova (power and renewables), GE Health, and GE Aerospace. The spin-offs are expected to be completed by 2025.

The Power segment offers a variety of turbine engines for power production as well as the full range of services from plant construction to retrofit and refit. The Renewables segment is focused on solutions for renewable energy including wind and hydro and the technology to operate them. The Aviation segment manufactures aircraft engines of all varieties and the Healthcare segment offers technology for imaging, monitoring, diagnostics, and drug discovery to health and medical facilities.

General Electric is committed to helping the world transition to a greener way of life and is exiting the new-build coal-fired power industry. Instead, its advancements in wind, grid efficiency, and natural gas are being deployed around the world helping to reduce emissions and generate cleaner energy for businesses, industry, and communities. The company is targeting 2030 for its own carbon neutrality and 2050 for net zero emissions.

GE Stock Price History

GE Stock News Headlines

GE aviation and energy businesses start trading on NYSE, marking the end of the conglomerate
General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday
4 Overbought Household Names, Time for a Pullback?
GE, CMG, FDX, and GPS are among the most overbought stocks in the U.S. market, hinting at potential pullback tendencies as investors may seek to secure profits.
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
4 Overbought Household Names, Time for a Pullback?
Amidst the ongoing surge led by the semiconductor sector, the Artificial Intelligence revolution, and  Nvidia Corp. NASDAQ: NVDA, which is steering the S&P 500 to new heights, several overbought scenarios have developed in individual stocks. These scenarios may have sparked investor concerns over potential overvaluations, resulting in pullbacks and corrections in select stocks.
3 Industrial Stocks Leading the Way in This ETF Breakout
Hopping on the next market trend is easier said than done. However, there is one simple and logical way to find the next winning sector in the market.
3 Industrial Stocks Leading the Way in This ETF Breakout (GE)
Industrial stocks are leading the way higher this cycle, macroeconomic trends have been spotted by Wall Street as analysts keep boosting price targets
General Electric (GE) Scheduled to Post Earnings on Tuesday
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
Short Interest in General Electric (NYSE:GE) Declines By 10.9%
General Electric (NYSE:GE) Stock Price Down 1.9%
General Electric (NYSE:GE) PT Lowered to $180.00
General Electric (NYSE:GE) Upgraded to Buy at TD Cowen
See More Headlines
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Company Calendar

Ex-Dividend for 1/25 Dividend
12/27/2023
Last Earnings
1/23/2024
Dividend Payable
1/25/2024
Ex-Dividend for 4/25 Dividend
4/12/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/23/2024
Dividend Payable
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
Industrial Conglomerates
CUSIP
36960410
Employees
125,000
Year Founded
1892

Price Target and Rating

Average Stock Price Target
$160.07
High Stock Price Target
$190.00
Low Stock Price Target
$125.00
Potential Upside/Downside
+2.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
14 Analysts

Profitability

Net Income
$9.48 billion
Pretax Margin
15.00%

Debt

Sales & Book Value

Annual Sales
$67.95 billion
Cash Flow
$5.05 per share
Book Value
$26.26 per share

Miscellaneous

Outstanding Shares
1,093,270,000
Free Float
1,086,051,000
Market Cap
$170.15 billion
Optionable
Optionable
Beta
1.29

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Key Executives

Should I Buy General Electric Stock? GE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in General Electric:

  • General Electric operates as a high-tech industrial company with a diverse range of offerings in various regions globally, providing a broad exposure to different markets and industries.
  • The company offers innovative solutions in power generation, industrial services, wind energy, grid solutions, and digital services, showcasing a commitment to staying at the forefront of technological advancements.
  • General Electric's involvement in designing and producing commercial and military aircraft engines, along with providing aftermarket services, presents opportunities for revenue diversification and stability.
  • The company's financial solutions arm provides additional revenue streams and risk management capabilities, enhancing its overall financial resilience.
  • With a long history dating back to 1892, General Electric has established itself as a reputable and enduring player in the industrial conglomerate sector, instilling confidence in investors.

Cons

Investors should be bearish about investing in General Electric for these reasons:

  • General Electric's stock price has faced volatility and challenges in recent periods, potentially indicating uncertainty and risk associated with investing in the company.
  • The company's involvement in run-off insurance operations, including life and health insurance products, could expose it to regulatory changes, claims, and financial liabilities in the insurance sector.
  • Market competition and technological disruptions may impact General Electric's traditional industrial businesses, leading to potential revenue pressures and market share erosion.
  • General Electric's complex business structure as an industrial conglomerate may pose challenges in terms of operational efficiency, strategic focus, and overall performance optimization.
  • Investors need to consider the macroeconomic environment, geopolitical factors, and industry-specific risks that could affect General Electric's performance and stock valuation in the future.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these General Electric pros and cons to contact@marketbeat.com.

GE Stock Analysis - Frequently Asked Questions

Should I buy or sell General Electric stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last year. There are currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GE shares.
View GE analyst ratings
or view top-rated stocks.

What is General Electric's stock price target for 2024?

14 brokerages have issued twelve-month target prices for General Electric's shares. Their GE share price targets range from $125.00 to $190.00. On average, they anticipate the company's share price to reach $160.07 in the next year. This suggests a possible upside of 2.9% from the stock's current price.
View analysts price targets for GE
or view top-rated stocks among Wall Street analysts.

How have GE shares performed in 2024?

General Electric's stock was trading at $127.63 on January 1st, 2024. Since then, GE shares have increased by 21.9% and is now trading at $155.55.
View the best growth stocks for 2024 here
.

Are investors shorting General Electric?

General Electric saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 11,360,000 shares, a drop of 10.9% from the March 15th total of 12,750,000 shares. Based on an average daily trading volume, of 6,880,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.0% of the company's shares are sold short.
View General Electric's Short Interest
.

When is General Electric's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our GE earnings forecast
.

How can I listen to General Electric's earnings call?

General Electric will be holding an earnings conference call on Tuesday, April 23rd at 7:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were General Electric's earnings last quarter?

General Electric (NYSE:GE) released its earnings results on Tuesday, January, 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.13. The conglomerate had revenue of $19.42 billion for the quarter, compared to the consensus estimate of $17.27 billion. General Electric had a net margin of 13.95% and a trailing twelve-month return on equity of 10.88%. The firm's revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS.
Read the conference call transcript
.

How often does General Electric pay dividends? What is the dividend yield for General Electric?

General Electric declared a quarterly dividend on Friday, April 5th. Shareholders of record on Monday, April 15th will be given a dividend of $0.28 per share on Thursday, April 25th. This represents a $1.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, April 12th. This is a boost from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for GE
.

Is General Electric a good dividend stock?

General Electric (NYSE:GE) pays an annual dividend of $1.12 per share and currently has a dividend yield of 0.72%. The dividend payout ratio is 13.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GE will have a dividend payout ratio of 23.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GE.

When did General Electric's stock split?

General Electric's stock reverse split on Monday, August 2nd 2021. The 1-8 reverse split was announced on Monday, August 2nd 2021. The number of shares owned by shareholders was adjusted after the closing bell on Monday, August 2nd 2021. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

What guidance has General Electric issued on next quarter's earnings?

General Electric issued an update on its first quarter 2024 earnings guidance on Tuesday, January, 23rd. The company provided earnings per share (EPS) guidance of 0.600-0.650 for the period, compared to the consensus earnings per share estimate of 0.720. The company issued revenue guidance of -.

What is H. Lawrence Culp, Jr.'s approval rating as General Electric's CEO?

690 employees have rated General Electric Chief Executive Officer H. Lawrence Culp, Jr. on Glassdoor.com. H. Lawrence Culp, Jr. has an approval rating of 89% among the company's employees.

What other stocks do shareholders of General Electric own?

Based on aggregate information from My MarketBeat watchlists, some companies that other General Electric investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), AT&T (T), Bank of America (BAC), Intel (INTC), Ford Motor (F), Cisco Systems (CSCO) and Walt Disney (DIS).

Who are General Electric's major shareholders?

General Electric's stock is owned by a variety of institutional and retail investors. Top institutional investors include Global Assets Advisory LLC (0.07%), Wealth Enhancement Advisory Services LLC (0.05%), IMC Chicago LLC (0.00%), Czech National Bank (0.02%), Rheos Capital Works Inc. (0.02%) and Meyer Handelman Co. (0.02%). Insiders that own company stock include Electric Co General, General Electric Pension Trust, H Lawrence Culp Jr, John S Slattery, Leslie Seidman, Michael J Holston, Paula Rosput Reynolds, Scott Strazik and Thomas S Timko.
View institutional ownership trends
.

How do I buy shares of General Electric?

Shares of GE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GE) was last updated on 4/16/2024 by MarketBeat.com Staff

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