S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
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Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?

General Electric (GE) Stock Price, News & Analysis

$175.47
-4.65 (-2.58%)
(As of 03/28/2024 ET)
Today's Range
$174.33
$179.76
50-Day Range
$128.55
$180.12
52-Week Range
$93.47
$180.36
Volume
9.67 million shs
Average Volume
6.08 million shs
Market Capitalization
$191.84 billion
P/E Ratio
20.96
Dividend Yield
0.18%
Price Target
$150.54

General Electric MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
14.2% Downside
$150.54 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.27
Upright™ Environmental Score
News Sentiment
0.69mentions of General Electric in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$5.04 M Sold Last Quarter
Proj. Earnings Growth
29.10%
From $4.57 to $5.90 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.

4.61 out of 5 stars

Multi-Sector Conglomerates Sector

2nd out of 20 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

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.
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.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
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
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
General Electric (NYSE:GE) Trading Down 0.1%
General Electric (NYSE:GE) Sets New 12-Month High at $177.48
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
Today
3/28/2024
Next Earnings (Confirmed)
4/23/2024
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
$150.54
High Stock Price Target
$200.00
Low Stock Price Target
$109.00
Potential Upside/Downside
-14.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$9.48 billion
Pretax Margin
15.00%

Debt

Sales & Book Value

Annual Sales
$67.95 billion
Cash Flow
$5.07 per share
Book Value
$26.26 per share

Miscellaneous

Outstanding Shares
1,093,270,000
Free Float
1,086,051,000
Market Cap
$191.65 billion
Optionable
Optionable
Beta
1.28

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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of General Electric was last updated on Monday, March 25, 2024 at 11:41 AM.

Pros

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

  • General Electric has been focusing on high-tech industrial solutions, including gas and steam turbines, which are essential components in power generation and industrial sectors.
  • The company offers a wide range of services and solutions for customers, such as data-leveraging software, which can enhance operational efficiency and decision-making processes.
  • General Electric's diverse portfolio includes wind, hydro, and digital services offerings, positioning the company well in the renewable energy sector, which is experiencing significant growth.
  • With a history dating back to 1892, General Electric has a long-standing reputation for innovation and technological advancements in various industries.
  • Investors may find General Electric's current stock price attractive, providing a potential opportunity for value investing.

Cons

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

  • General Electric operates in a highly competitive market, facing challenges from both traditional and emerging industrial players, which could impact its market share and profitability.
  • The company's involvement in financial solutions and insurance operations introduces additional complexity and risk factors that investors need to consider.
  • General Electric's stock performance has been volatile in recent periods, reflecting uncertainties and potential risks associated with its business operations.
  • Market conditions and regulatory changes can significantly influence General Electric's business outlook and financial performance, leading to potential investment risks.
  • Investors should carefully monitor General Electric's strategic decisions and restructuring efforts to assess the long-term sustainability and growth prospects of the company.

GE Stock Analysis - Frequently Asked Questions

Should I buy or sell General Electric stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last twelve months. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street research 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?

11 brokers have issued 1-year price objectives for General Electric's stock. Their GE share price targets range from $109.00 to $200.00. On average, they predict the company's stock price to reach $150.54 in the next twelve months. This suggests that the stock has a possible downside of 14.2%.
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 at the beginning of the year. Since then, GE shares have increased by 37.5% and is now trading at $175.47.
View the best growth stocks for 2024 here
.

Are investors shorting General Electric?

General Electric saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 12,750,000 shares, an increase of 42.3% from the February 29th total of 8,960,000 shares. Based on an average daily trading volume, of 5,690,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.2% of the shares of the company 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) posted its quarterly earnings data on Tuesday, January, 23rd. The conglomerate reported $1.03 EPS for the quarter, beating the consensus estimate of $0.90 by $0.13. The conglomerate earned $19.42 billion during 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 business's revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $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 announced a quarterly dividend on Friday, December 15th. Shareholders of record on Thursday, December 28th will be paid a dividend of $0.08 per share on Thursday, January 25th. This represents a $0.32 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Wednesday, December 27th.
Read our dividend analysis for GE
.

Is General Electric a good dividend stock?

General Electric (NYSE:GE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.18%. The dividend payout ratio is 3.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GE will have a dividend payout ratio of 5.42% 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?

Shares of General Electric 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 market closes 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 updated its first quarter 2024 earnings guidance on Tuesday, January, 23rd. The company provided 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.13%), Vanguard Group Inc. (8.13%), Capital Research Global Investors (7.63%), Capital International Investors (4.94%), Price T Rowe Associates Inc. MD (2.87%) and Dodge & Cox (1.55%). 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 3/28/2024 by MarketBeat.com Staff

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