General Electric (NYSE:GE) Shares Down 0.2%

General Electric (NYSE:GE - Get Free Report)'s share price was down 0.2% during mid-day trading on Tuesday . The stock traded as low as $169.60 and last traded at $170.91. Approximately 733,669 shares changed hands during trading, a decline of 89% from the average daily volume of 6,778,084 shares. The stock had previously closed at $171.22.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of General Electric from $201.00 to $209.00 and gave the stock a "buy" rating in a research report on Monday, July 1st. Jefferies Financial Group increased their price target on shares of General Electric from $185.00 to $190.00 and gave the company a "buy" rating in a report on Friday, June 28th. Wells Fargo & Company upped their target price on General Electric from $192.00 to $205.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price objective on General Electric from $195.00 to $209.00 and gave the company a "buy" rating in a report on Monday, June 10th. Finally, Barclays boosted their target price on shares of General Electric from $175.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.38.

General Electric Stock Performance

The firm has a market capitalization of $187.17 billion, a price-to-earnings ratio of 56.06, a PEG ratio of 1.70 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The stock's 50-day moving average is $164.55 and its 200-day moving average is $161.91.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly 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 company had revenue of $9.09 billion during the quarter, compared to analysts' expectations of $8.44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. General Electric's revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. On average, analysts predict that General Electric will post 4.15 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors 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 annualized dividend and a yield of 0.66%. General Electric's dividend payout ratio is presently 36.72%.

Institutional Trading of General Electric

Several institutional investors have recently modified their holdings of the business. Founders Financial Alliance LLC boosted its holdings in General Electric by 5.7% in the second quarter. Founders Financial Alliance LLC now owns 3,694 shares of the conglomerate's stock valued at $587,000 after acquiring an additional 199 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of General Electric by 11.7% in the 2nd quarter. Cetera Investment Advisers now owns 249,814 shares of the conglomerate's stock worth $39,713,000 after purchasing an additional 26,068 shares during the period. 3Chopt Investment Partners LLC bought a new stake in shares of General Electric in the 2nd quarter valued at $704,000. Advisory Alpha LLC increased its position in shares of General Electric by 11.3% during the second quarter. Advisory Alpha LLC now owns 1,779 shares of the conglomerate's stock worth $283,000 after buying an additional 181 shares during the period. Finally, Truist Financial Corp increased its position in shares of General Electric by 10.6% during the second quarter. Truist Financial Corp now owns 220,867 shares of the conglomerate's stock worth $35,111,000 after buying an additional 21,127 shares during the period. Institutional investors own 74.77% of the company's stock.

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.