General Electric (NYSE:GE) Price Target Raised to $250.00 at Wells Fargo & Company

General Electric (NYSE:GE - Free Report) had its price target increased by Wells Fargo & Company from $225.00 to $250.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an overweight rating on the conglomerate's stock.

GE has been the subject of a number of other reports. Bank of America lifted their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $205.80.

General Electric Trading Down 2.0 %

Shares of NYSE:GE traded down $3.99 during trading on Friday, hitting $196.81. 7,833,579 shares of the company's stock were exchanged, compared to its average volume of 6,529,868. The firm has a 50-day moving average price of $174.93 and a two-hundred day moving average price of $174.77. The firm has a market cap of $213.00 billion, a P/E ratio of 34.59, a PEG ratio of 1.53 and a beta of 1.19. General Electric has a 1-year low of $103.75 and a 1-year high of $207.65. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. Equities analysts predict that General Electric will post 4.23 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, December 27th. General Electric's payout ratio is currently 19.68%.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

Institutional Investors Weigh In On General Electric

Institutional investors and hedge funds have recently made changes to their positions in the business. Calamos Wealth Management LLC increased its holdings in shares of General Electric by 29.5% during the 4th quarter. Calamos Wealth Management LLC now owns 16,089 shares of the conglomerate's stock worth $2,683,000 after buying an additional 3,663 shares during the last quarter. Fourpath Capital Management LLC grew its position in shares of General Electric by 54.0% in the 4th quarter. Fourpath Capital Management LLC now owns 12,093 shares of the conglomerate's stock worth $2,017,000 after acquiring an additional 4,242 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of General Electric by 6.5% during the fourth quarter. Boston Trust Walden Corp now owns 5,739 shares of the conglomerate's stock worth $957,000 after purchasing an additional 350 shares during the period. Financial Life Planners acquired a new position in General Electric during the 4th quarter valued at approximately $92,000. Finally, Jennison Associates LLC increased its stake in shares of General Electric by 1.4% in the fourth quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after purchasing an additional 106,891 shares during the period. 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.