General Electric (GE) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for General Electric (NYSE: GE):

• 4/29/2024 – General Electric had its price target raised by analysts at Wells Fargo & Company from $165.00 to $192.00. They now have an “overweight” rating on the stock.
• 4/29/2024 – General Electric is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/29/2024 – General Electric had its price target raised by analysts at Jefferies Financial Group Inc. from $180.00 to $185.00. They now have a “buy” rating on the stock.
• 4/25/2024 – General Electric had its price target raised by analysts at Citigroup Inc. from $120.43 to $186.00. They now have a “buy” rating on the stock.
• 4/24/2024 – General Electric had its price target raised by analysts at Royal Bank of Canada from $165.00 to $175.00. They now have an “outperform” rating on the stock.
• 4/24/2024 – General Electric had its price target raised by analysts at Argus from $170.00 to $180.00. They now have a “buy” rating on the stock.
• 4/24/2024 – General Electric had its price target raised by analysts at Bank of America Co. from $165.00 to $180.00. They now have a “buy” rating on the stock.
• 4/24/2024 – General Electric had its price target raised by analysts at The Goldman Sachs Group, Inc. from $190.00 to $211.00. They now have a “buy” rating on the stock.
• 4/21/2024 – General Electric is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 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.

General Electric Trading Up 2.3 %

Shares of NYSE:GE opened at $167.94 on Tuesday. The stock has a market capitalization of $183.83 billion, a PE ratio of 55.06, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25. The company’s 50-day moving average price is $162.20 and its two-hundred day moving average price is $138.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. General Electric has a one year low of $78.17 and a one year high of $167.98.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that General Electric will post 3.96 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were paid a $0.28 dividend. The ex-dividend date was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. This is a boost from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is currently 36.72%.

Insider Activity

In other news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On General Electric

A number of large investors have recently added to or reduced their stakes in GE. Walker Asset Management LLC grew its stake in General Electric by 1.7% in the 1st quarter. Walker Asset Management LLC now owns 4,111 shares of the conglomerate’s stock valued at $722,000 after buying an additional 70 shares during the last quarter. BKM Wealth Management LLC increased its stake in shares of General Electric by 2.6% during the first quarter. BKM Wealth Management LLC now owns 2,821 shares of the conglomerate’s stock worth $495,000 after purchasing an additional 72 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in General Electric by 1.7% during the 4th quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock worth $550,000 after purchasing an additional 74 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in General Electric by 1.2% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock valued at $814,000 after purchasing an additional 75 shares during the period. Finally, Schnieders Capital Management LLC grew its holdings in General Electric by 1.1% in the 1st quarter. Schnieders Capital Management LLC now owns 6,817 shares of the conglomerate’s stock valued at $1,197,000 after buying an additional 75 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

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.