General Electric (NYSE:GE - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders acquired 28,853 call options on the stock. This represents an increase of 50% compared to the typical daily volume of 19,190 call options.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on GE. Northcoast Research raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their target price on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Redburn Atlantic started coverage on General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Finally, Bank of America lifted their target price on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $213.33.
Check Out Our Latest Research Report on General Electric
General Electric Stock Performance
GE stock traded up $7.27 during midday trading on Tuesday, reaching $185.62. 6,189,498 shares of the company were exchanged, compared to its average volume of 5,452,879. The firm has a market capitalization of $199.22 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The business has a 50-day moving average price of $195.49 and a two-hundred day moving average price of $186.46. General Electric has a one year low of $148.83 and a one year high of $214.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.
General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The conglomerate reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities research analysts forecast that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.78%. General Electric's dividend payout ratio is 24.04%.
Institutional Trading of General Electric
A number of institutional investors have recently bought and sold shares of GE. New Age Alpha Advisors LLC grew its position in General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of General Electric in the fourth quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in General Electric in the fourth quarter valued at about $28,000. Putney Financial Group LLC bought a new stake in General Electric during the fourth quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of General Electric in the 4th quarter valued at approximately $29,000. Institutional investors own 74.77% of the company's stock.
General Electric Company Profile
(
Get Free Report)
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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