General Electric (NYSE:GE) Trading 0.1% Higher After Dividend Announcement

General Electric (NYSE:GE - Get Free Report) shares were up 0.1% on Monday after the company announced a dividend. The stock traded as high as $209.16 and last traded at $208.62. Approximately 4,267,083 shares changed hands during trading, a decline of 29% from the average daily volume of 6,009,583 shares. The stock had previously closed at $208.36.

The newly announced dividend which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is currently 18.70%.

Analyst Ratings Changes

Several equities analysts recently commented on GE shares. Redburn Atlantic started coverage on shares of General Electric in a report on Tuesday. They set a "buy" rating and a $250.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Northcoast Research assumed coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. UBS Group raised their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $211.31.

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General Electric Stock Performance

The company's 50-day moving average price is $185.89 and its 200 day moving average price is $180.43. 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 stock has a market capitalization of $224.24 billion, a PE ratio of 34.88, a PEG ratio of 2.61 and a beta of 1.22.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results 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%. On average, equities research analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Truvestments Capital LLC lifted its position in General Electric by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock valued at $39,000 after acquiring an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE lifted its position in General Electric by 17.6% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate's stock valued at $56,000 after acquiring an additional 50 shares during the period. Ballast Advisors LLC increased its stake in General Electric by 2.5% during the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate's stock valued at $349,000 after purchasing an additional 51 shares in the last quarter. Blue Barn Wealth LLC increased its stake in General Electric by 3.8% during the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock valued at $245,000 after purchasing an additional 54 shares in the last quarter. Finally, First Heartland Consultants Inc. increased its stake in General Electric by 1.2% during the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the conglomerate's stock valued at $789,000 after purchasing an additional 54 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

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.