Sen. Shelley Moore Capito Buys General Electric (NYSE:GE) Stock

Senator Shelley Moore Capito (R-West Virginia) recently bought shares of General Electric NYSE: GE. In a filing disclosed on January 06th, the Senator disclosed that they had bought between $1,001 and $15,000 in General Electric stock on December 27th.

Senator Shelley Moore Capito also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 12/20/2024.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 12/16/2024.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 12/13/2024.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 12/12/2024.
• Purchased $1,001 - $15,000 in shares of Carlisle Companies NYSE: CSL on 10/8/2024.

General Electric Trading Up 0.0 %

Shares of General Electric stock traded up $0.07 during mid-day trading on Tuesday, hitting $172.52. The stock had a trading volume of 6,496,302 shares, compared to its average volume of 4,900,391. The firm has a market cap of $186.72 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average of $174.39 and a two-hundred day moving average of $173.23. General Electric has a 12-month low of $99.37 and a 12-month high of $194.80.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion during the quarter, compared to analysts' expectations of $9.02 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. Sell-side analysts forecast that General Electric will post 4.24 earnings per share for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, December 27th. General Electric's dividend payout ratio (DPR) is presently 19.68%.

Institutional Trading of General Electric

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp purchased a new stake in General Electric during the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of General Electric in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric during the third quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in shares of General Electric during the third quarter worth $28,000. Finally, Studio Investment Management LLC grew its position in General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate's stock valued at $25,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GE. Sanford C. Bernstein increased their price target on shares of General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Bank of America increased their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on shares of General Electric from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Citigroup increased their price objective on General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, Melius Research boosted their target price on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $201.47.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Russell Stokes sold 15,550 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

About Senator Capito

Shelley Moore Capito (Republican Party) is a member of the U.S. Senate from West Virginia. She assumed office on January 3, 2015. Her current term ends on January 3, 2027. Capito (Republican Party) ran for re-election to the U.S. Senate to represent West Virginia. She won in the general election on November 3, 2020. Capito was first elected to the Senate in 2014, becoming the first female U.S. Senator in the state's history. Prior to serving in the Senate, Capito was a member of the West Virginia House of Representatives from 1997 to 2001 and a member of the United States House of Representatives from 2001 to 2015. At the start of the 116th Congress, Capito was a member of the U.S. Senate committees on Appropriations, Commerce, Science, and Transportation, Environment and Public Works, and Rules and Administration. As of a 2014 analysis of multiple outside rankings, Capito is a more moderate right of center Republican Party vote. As a result, she may break with the Republican Party line more than her fellow members. Capito earned her bachelor's degree from Duke University. After earning her M.Ed. from the University of Virginia, Capito was a college counselor and then director of an educational information center. She was the only Republican in the West Virginia congressional delegation until the 2010 elections and is the first Republican woman elected to Congress from West Virginia. Capito is a former chairwoman of the Congressional Caucus for Women's Issues, as well as a member of the Congressional Arts Caucus. After an explosion responsible for the death of 29 coal workers, Capito founded the Congressional Coal Caucus. Prior to her election to the U.S. House, Capito served in the West Virginia House of Delegates.

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.