General Electric (NYSE:GE) Stock Price Up 0.5%

Shares of General Electric (NYSE:GE - Get Free Report) rose 0.5% on Wednesday . The stock traded as high as $166.46 and last traded at $165.08. Approximately 976,700 shares changed hands during trading, a decline of 85% from the average daily volume of 6,719,052 shares. The stock had previously closed at $164.21.

Analysts Set New Price Targets

GE has been the subject of several recent analyst reports. StockNews.com lowered shares of General Electric from a "buy" rating to a "hold" rating in a report on Monday, July 29th. UBS Group raised their price objective on shares of General Electric from $201.00 to $209.00 and gave the stock a "buy" rating in a report on Monday, July 1st. Barclays raised their price objective 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. Wells Fargo & Company lifted their price target 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, Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Electric from $195.00 to $209.00 and gave the company a "buy" rating in a report on Monday, June 10th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $190.38.

General Electric Price Performance

The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14. The business's 50 day simple moving average is $165.56 and its 200-day simple moving average is $163.07. The stock has a market capitalization of $180.39 billion, a price-to-earnings ratio of 54.54, a price-to-earnings-growth ratio of 1.73 and a beta of 1.21.

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

General Electric Dividend Announcement

The business 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. The ex-dividend date was Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. General Electric's dividend payout ratio (DPR) is 36.72%.

Institutional Trading of General Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in GE. Studio Investment Management LLC raised its holdings in shares of General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate's stock worth $25,000 after purchasing an additional 78 shares in the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of General Electric in the 2nd quarter worth approximately $31,000. Kapitalo Investimentos Ltda bought a new stake in shares of General Electric in the 4th quarter worth approximately $32,000. Financial Connections Group Inc. bought a new stake in shares of General Electric in the 2nd quarter worth approximately $32,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of General Electric in the 1st quarter worth approximately $34,000. 74.77% of the stock is currently owned by 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.