General Electric Target of Unusually Large Options Trading (GE)
Shares of General Electric (NYSE:GE) saw unusually large options trading activity on Wednesday. Traders acquired 19,201 put options on the stock, AnalystRatingsNetwork.com reports. This is an increase of approximately 143% compared to the typical volume of 7,905 put options.
A number of analysts have recently weighed in on GE shares. Analysts at TheStreet reiterated a “buy” rating on shares of General Electric (NYSE:GE) in a research note to investors on Wednesday, September 11th. Separately, analysts at Argus reiterated a “buy” rating on shares of General Electric (NYSE:GE) in a research note to investors on Wednesday, September 11th. They now have a $28.00 price target on the stock.
Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $27.73.
Shares of General Electric (NYSE:GE) traded up 1.68% during mid-day trading on Wednesday, hitting $24.86. 51,171,984 shares of the company’s stock traded hands. General Electric has a 1-year low of $19.87 and a 1-year high of $24.95. The stock has a 50-day moving average of $23.88 and a 200-day moving average of $23.45. The company has a market cap of $253.2 billion and a price-to-earnings ratio of 18.10.
General Electric (NYSE:GE) last announced its earnings results on Friday, July 19th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $35.12 billion for the quarter, compared to the consensus estimate of $35.58 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Analysts expect that General Electric will post $1.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 25th. Shareholders of record on Monday, September 23rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, September 19th.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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