General Electric (NYSE:GE) Trading 0.6% Higher

General Electric (NYSE:GE - Get Free Report) rose 0.6% during trading on Monday . The stock traded as high as $174.82 and last traded at $174.62. Approximately 5,295,500 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 6,756,919 shares. The stock had previously closed at $173.58.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GE. UBS Group lifted their target price on shares of General Electric from $201.00 to $209.00 and gave the stock a "buy" rating in a research note on Monday, July 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on General Electric from $195.00 to $209.00 and gave the stock a "buy" rating in a research note on Monday, June 10th. Royal Bank of Canada lifted their price target on General Electric from $175.00 to $190.00 and gave the stock an "outperform" rating in a report on Wednesday, July 24th. Wells Fargo & Company boosted their target price on shares of General Electric from $192.00 to $205.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group upped their price objective on General Electric from $185.00 to $190.00 and gave the company a "buy" rating in a report on Friday, June 28th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $190.38.

General Electric Trading Up 0.6 %

The company has a market cap of $189.34 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 1.73 and a beta of 1.21. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. The business's fifty day simple moving average is $165.47 and its two-hundred day simple moving average is $162.96.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.21. The firm had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company's revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. On average, equities analysts predict that General Electric will post 4.2 EPS for the current year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, July 11th. General Electric's dividend payout ratio (DPR) is 36.72%.

Hedge Funds Weigh In On General Electric

A number of institutional investors have recently modified their holdings of the business. USA Financial Formulas increased its stake in General Electric by 24,042.9% in the fourth quarter. USA Financial Formulas now owns 10,140 shares of the conglomerate's stock valued at $1,294,000 after purchasing an additional 10,098 shares during the period. Rathbones Group PLC increased its position in General Electric by 2.7% in the 4th quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate's stock valued at $28,821,000 after acquiring an additional 5,997 shares during the period. Dimensional Fund Advisors LP raised its stake in General Electric by 8.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,184,772 shares of the conglomerate's stock valued at $534,123,000 after acquiring an additional 318,245 shares during the last quarter. Vanguard Group Inc. lifted its position in General Electric by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate's stock worth $11,288,136,000 after acquiring an additional 550,996 shares during the period. Finally, Sheets Smith Wealth Management purchased a new position in shares of General Electric in the 4th quarter valued at approximately $3,959,000. 74.77% of the stock is 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.