General Electric (NYSE:GE) Stock Price Down 0.1%

General Electric (NYSE:GE - Get Free Report)'s share price fell 0.1% on Friday . The company traded as low as $172.53 and last traded at $173.41. 630,717 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 6,729,153 shares. The stock had previously closed at $173.58.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their target price on General Electric from $192.00 to $205.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Barclays upped their target price on General Electric from $175.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on General Electric from $148.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, May 13th. Jefferies Financial Group lifted their target price on General Electric from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, June 28th. Finally, Royal Bank of Canada boosted their target price on shares of General Electric from $175.00 to $190.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.38.

General Electric Stock Up 0.6 %

The stock has a market cap of $191.14 billion, a PE ratio of 57.25, a P/E/G ratio of 1.70 and a beta of 1.21. The business has a 50 day moving average price of $164.98 and a 200 day moving average price of $162.28. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The business had revenue of $9.09 billion for the quarter, compared to analysts' expectations of $8.44 billion. During the same quarter last year, the company earned $0.68 EPS. The business's revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that General Electric will post 4.15 EPS for the current fiscal year.

General Electric Announces Dividend

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

Institutional Trading of General Electric

Several institutional investors have recently bought and sold shares of GE. Vanguard Group Inc. increased its stake in shares of General Electric by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate's stock worth $11,288,136,000 after purchasing an additional 550,996 shares in the last quarter. Capital International Investors boosted its stake in shares of General Electric by 9.9% in the first quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate's stock worth $10,373,936,000 after acquiring an additional 5,309,543 shares during the last quarter. Newport Trust Company LLC purchased a new stake in shares of General Electric during the second quarter worth approximately $2,613,332,000. Capital World Investors raised its stake in General Electric by 2,818.1% in the 1st quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate's stock valued at $2,237,930,000 after purchasing an additional 12,312,648 shares during the last quarter. Finally, Norges Bank purchased a new position in General Electric in the 4th quarter valued at $1,193,159,000. 74.77% of the stock is owned by institutional investors and hedge funds.

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.