General Electric (NYSE:GE) Shares Up 1.7% - Should You Buy?

General Electric (NYSE:GE - Get Free Report)'s share price shot up 1.7% on Tuesday . The stock traded as high as $183.45 and last traded at $183.21. 704,707 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 6,173,176 shares. The stock had previously closed at $180.21.

Wall Street Analysts Forecast Growth

GE has been the subject of several research reports. Barclays raised their price target on shares of General Electric from $175.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. UBS Group raised their price target on shares of General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised their price target on shares of General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, Wells Fargo & Company raised their price target on shares of General Electric from $205.00 to $210.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $200.93.

General Electric Price Performance

The stock has a market cap of $199.84 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 1.78 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The company's fifty day simple moving average is $183.20 and its 200-day simple moving average is $171.22.

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General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. As a group, sell-side analysts forecast that General Electric will post 4.24 EPS for the current year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. General Electric's dividend payout ratio is presently 19.68%.

Insider Activity

In related news, SVP Russell Stokes sold 15,550 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GE. Mount Yale Investment Advisors LLC bought a new stake in shares of General Electric in the 1st quarter valued at about $299,000. Caxton Associates LP bought a new stake in shares of General Electric in the 1st quarter valued at about $744,000. Silvercrest Asset Management Group LLC increased its stake in shares of General Electric by 0.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 28,358 shares of the conglomerate's stock valued at $4,978,000 after acquiring an additional 102 shares during the last quarter. Waverly Advisors LLC increased its stake in shares of General Electric by 54.1% in the 1st quarter. Waverly Advisors LLC now owns 8,891 shares of the conglomerate's stock valued at $1,561,000 after acquiring an additional 3,120 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in General Electric by 38.7% during the 1st quarter. Janus Henderson Group PLC now owns 149,769 shares of the conglomerate's stock worth $26,280,000 after purchasing an additional 41,795 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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