General Electric (NYSE:GE) Trading Down 0.4%

General Electric (NYSE:GE - Get Free Report)'s stock price fell 0.4% during trading on Tuesday . The company traded as low as $179.61 and last traded at $180.79. 2,092,926 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 6,620,611 shares. The stock had previously closed at $181.44.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group increased their price target on General Electric from $201.00 to $209.00 and gave the company a "buy" rating in a research note on Monday, July 1st. Barclays increased their target price on General Electric from $175.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of General Electric from $195.00 to $209.00 and gave the stock a "buy" rating in a research report on Monday, June 10th. Royal Bank of Canada increased their price objective on shares of General Electric from $175.00 to $190.00 and gave the company an "outperform" rating in a research report on Wednesday, July 24th. Finally, Sanford C. Bernstein started coverage on shares of General Electric in a research note on Tuesday, September 10th. They issued an "outperform" rating and a $201.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, General Electric currently has an average rating of "Moderate Buy" and a consensus price target of $191.14.

General Electric Stock Performance

The firm has a fifty day moving average price of $167.28 and a two-hundred day moving average price of $170.87. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a market capitalization of $197.38 billion, a PE ratio of 59.12, a P/E/G ratio of 1.65 and a beta of 1.18.

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

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be paid a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. General Electric's dividend payout ratio is currently 36.72%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GE. Newport Trust Company LLC bought a new position in shares of General Electric during the 2nd quarter worth $2,613,332,000. Capital World Investors grew its holdings in General Electric by 2,818.1% during the 1st quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate's stock worth $2,237,930,000 after acquiring an additional 12,312,648 shares in the last quarter. Capital International Investors increased its position in General Electric by 9.9% during the 1st quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate's stock valued at $10,373,936,000 after purchasing an additional 5,309,543 shares during the period. Canada Pension Plan Investment Board increased its holdings in General Electric by 221.6% during the first quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate's stock valued at $1,250,079,000 after buying an additional 4,907,530 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in General Electric during the second quarter worth $580,200,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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.