Wells Fargo & Company Lowers General Electric (NYSE:GE) Price Target to $203.00

General Electric (NYSE:GE - Free Report) had its target price reduced by Wells Fargo & Company from $250.00 to $203.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the conglomerate's stock.

Several other research firms have also commented on GE. Bank of America boosted their price target on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic initiated coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Citigroup increased their target price on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, General Electric currently has a consensus rating of "Moderate Buy" and an average price target of $212.73.

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General Electric Stock Up 0.1 %

General Electric stock traded up $0.09 during midday trading on Tuesday, hitting $181.60. 6,490,484 shares of the company's stock were exchanged, compared to its average volume of 5,478,609. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market cap of $194.91 billion, a PE ratio of 30.32, a P/E/G ratio of 2.59 and a beta of 1.04. The firm has a 50-day moving average of $198.36 and a two-hundred day moving average of $186.59. General Electric has a 12 month low of $146.78 and a 12 month high of $214.21.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. As a group, analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.79%. General Electric's dividend payout ratio is currently 24.04%.

Hedge Funds Weigh In On General Electric

Several hedge funds and other institutional investors have recently bought and sold shares of the business. New Age Alpha Advisors LLC grew its position in General Electric by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC acquired a new stake in General Electric during the fourth quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in General Electric during the fourth quarter valued at approximately $28,000. Putney Financial Group LLC purchased a new position in General Electric during the fourth quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in General Electric in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Company Profile

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.