General Electric (NYSE:GE) Trading Down 0% - Here's Why

General Electric (NYSE:GE - Get Free Report)'s share price was down 0% during trading on Tuesday . The company traded as low as $170.78 and last traded at $172.39. Approximately 1,186,038 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 3,525,401 shares. The stock had previously closed at $172.45.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Northcoast Research began coverage on General Electric in a research report on Tuesday. They set a "neutral" rating on the stock. UBS Group boosted their price target on shares of General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Citigroup increased their price objective on shares of General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Finally, Bank of America raised their price target on shares of General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $201.47.

General Electric Stock Performance

The company has a market capitalization of $186.72 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 1.63 and a beta of 1.19. The firm's 50 day simple moving average is $174.39 and its 200-day simple moving average is $173.23. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13.

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

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Friday, December 27th. General Electric's payout ratio is 19.68%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On General Electric

Several large investors have recently bought and sold shares of the stock. Tsfg LLC boosted its holdings in General Electric by 12.8% during the third quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock valued at $92,000 after purchasing an additional 55 shares in the last quarter. Strategic Advisors LLC boosted its stake in General Electric by 2.6% in the 3rd quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate's stock valued at $428,000 after buying an additional 58 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its position in General Electric by 1.0% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock valued at $1,188,000 after acquiring an additional 60 shares during the period. Meridian Management Co. raised its stake in General Electric by 1.2% during the third quarter. Meridian Management Co. now owns 5,153 shares of the conglomerate's stock worth $972,000 after acquiring an additional 61 shares in the last quarter. Finally, Mayflower Financial Advisors LLC lifted its holdings in shares of General Electric by 3.0% during the third quarter. Mayflower Financial Advisors LLC now owns 2,115 shares of the conglomerate's stock valued at $399,000 after acquiring an additional 62 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

About General Electric

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.