Investment Analysts’ Recent Ratings Updates for General Electric (GE)

A number of research firms have changed their ratings and price targets for General Electric (NYSE: GE):

• 4/13/2024 – General Electric is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/10/2024 – General Electric had its price target lowered by analysts at Jefferies Financial Group Inc. from $195.00 to $180.00. They now have a “buy” rating on the stock.
• 4/9/2024 – General Electric is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $190.00 price target on the stock.
• 4/9/2024 – General Electric was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating. They now have a $180.00 price target on the stock, up previously from $175.00.
• 4/8/2024 – General Electric had its price target lowered by analysts at Bank of America Co. from $175.00 to $165.00. They now have a “buy” rating on the stock.
• 4/5/2024 – General Electric is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/4/2024 – General Electric had its price target lowered by analysts at Wells Fargo & Company from $200.00 to $165.00. They now have an “overweight” rating on the stock.
• 4/4/2024 – General Electric had its price target lowered by analysts at Royal Bank of Canada from $180.00 to $160.00. They now have an “outperform” rating on the stock.
• 4/4/2024 – General Electric is now covered by analysts at Vertical Research. They set a “buy” rating and a $160.00 price target on the stock.
• 4/3/2024 – General Electric had its price target lowered by analysts at Barclays PLC from $181.00 to $175.00. They now have an “overweight” rating on the stock.
• 4/3/2024 – General Electric had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $210.00 to $190.00. They now have a “buy” rating on the stock.
• 4/2/2024 – General Electric had its price target lowered by analysts at JPMorgan Chase & Co. from $180.00 to $148.00. They now have an “overweight” rating on the stock.
• 3/28/2024 – General Electric is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/27/2024 – General Electric had its price target raised by analysts at Wells Fargo & Company from $177.00 to $200.00. They now have an “overweight” rating on the stock.
• 3/20/2024 – General Electric is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/12/2024 – General Electric is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/11/2024 – General Electric had its price target raised by analysts at Jefferies Financial Group Inc. from $180.00 to $195.00.
• 3/8/2024 – General Electric was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $180.00 price target on the stock, up previously from $166.00.
• 3/5/2024 – General Electric had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
• 3/4/2024 – General Electric had its price target raised by analysts at JPMorgan Chase & Co. from $134.00 to $166.00. They now have a “neutral” rating on the stock.
• 3/1/2024 – General Electric had its price target raised by analysts at Royal Bank of Canada from $148.00 to $170.00. They now have an “outperform” rating on the stock.
• 2/29/2024 – General Electric had its price target raised by analysts at Barclays PLC from $153.00 to $181.00. They now have an “overweight” rating on the stock.

General Electric Stock Down 1.9 %

Shares of General Electric stock opened at $154.63 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The stock has a market capitalization of $169.05 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 3.03 and a beta of 1.29. General Electric has a 52-week low of $74.78 and a 52-week high of $158.44. The company has a 50-day simple moving average of $157.82 and a two-hundred day simple moving average of $133.19.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.13. The business had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. On average, analysts anticipate that General Electric will post 3.78 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.72%. General Electric’s payout ratio is 3.82%.

Insiders Place Their Bets

In other news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the sale, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the sale, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares of the company’s stock, valued at $8,153,863.08. 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 large investors have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC grew its position in General Electric by 14.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 18,944 shares of the conglomerate’s stock valued at $3,325,000 after buying an additional 2,323 shares during the period. Mechanics Bank Trust Department grew its position in General Electric by 41.4% during the first quarter. Mechanics Bank Trust Department now owns 3,083 shares of the conglomerate’s stock valued at $541,000 after buying an additional 903 shares during the period. Gilman Hill Asset Management LLC bought a new stake in General Electric during the first quarter valued at approximately $203,000. Riverview Trust Co bought a new stake in General Electric during the first quarter valued at approximately $168,000. Finally, Gateway Investment Advisers LLC grew its position in General Electric by 1.5% during the first quarter. Gateway Investment Advisers LLC now owns 65,877 shares of the conglomerate’s stock valued at $11,563,000 after buying an additional 973 shares during the period. 74.77% of the stock is currently owned by institutional investors.

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.