General Electric Company (NYSE:GE) was upgraded by research analysts at Standpoint Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday. The brokerage currently has a $24.00 target price on the conglomerate’s stock. Standpoint Research’s price target indicates a potential downside of 11.37% from the company’s previous close.

Several other brokerages have also recently weighed in on GE. Vetr cut shares of General Electric Company from a “buy” rating to a “hold” rating and set a $29.97 price objective on the stock. in a research note on Monday, June 19th. Stifel Nicolaus reissued a “buy” rating on shares of General Electric Company in a research note on Wednesday, June 14th. BidaskClub cut shares of General Electric Company from a “sell” rating to a “strong sell” rating in a research note on Wednesday. William Blair reissued a “buy” rating on shares of General Electric Company in a research note on Saturday, April 1st. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of General Electric Company in a research note on Wednesday, June 14th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. General Electric Company has a consensus rating of “Hold” and an average target price of $31.26.

General Electric Company (NYSE:GE) opened at 27.08 on Thursday. The firm has a market cap of $235.16 billion, a P/E ratio of 27.58 and a beta of 1.25. The stock has a 50 day moving average price of $28.27 and a 200-day moving average price of $29.84. General Electric Company has a 1-year low of $27.05 and a 1-year high of $33.00.

General Electric Company (NYSE:GE) last posted its earnings results on Friday, April 21st. The conglomerate reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $27.66 billion for the quarter, compared to analysts’ expectations of $26.37 billion. General Electric Company had a net margin of 7.48% and a return on equity of 16.59%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Equities research analysts forecast that General Electric Company will post $1.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Monday, June 19th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.55%. General Electric Company’s dividend payout ratio is currently 97.96%.

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In related news, Director William G. Beattie acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average price of $27.70 per share, for a total transaction of $110,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Jeffrey R. Immelt acquired 100,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were bought at an average price of $28.07 per share, for a total transaction of $2,807,000.00. Following the acquisition, the chairman now directly owns 2,561,926 shares of the company’s stock, valued at approximately $71,913,262.82. The disclosure for this purchase can be found here. Insiders have bought 140,000 shares of company stock worth $3,964,600 in the last quarter. Company insiders own 0.36% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Aldebaran Financial Inc. raised its position in shares of General Electric Company by 6.9% in the first quarter. Aldebaran Financial Inc. now owns 241,825 shares of the conglomerate’s stock valued at $7,206,000 after buying an additional 15,691 shares in the last quarter. Laurel Wealth Advisors Inc. raised its position in shares of General Electric Company by 10.8% in the first quarter. Laurel Wealth Advisors Inc. now owns 197,025 shares of the conglomerate’s stock valued at $5,871,000 after buying an additional 19,267 shares in the last quarter. Seaward Management Limited Partnership raised its position in shares of General Electric Company by 1.5% in the first quarter. Seaward Management Limited Partnership now owns 836,672 shares of the conglomerate’s stock valued at $24,932,000 after buying an additional 12,309 shares in the last quarter. Sowell Financial Services LLC raised its position in shares of General Electric Company by 21.3% in the first quarter. Sowell Financial Services LLC now owns 156,924 shares of the conglomerate’s stock valued at $4,367,000 after buying an additional 27,593 shares in the last quarter. Finally, Patten Group Inc. raised its position in shares of General Electric Company by 8.1% in the first quarter. Patten Group Inc. now owns 56,553 shares of the conglomerate’s stock valued at $1,696,000 after buying an additional 4,257 shares in the last quarter. Hedge funds and other institutional investors own 54.25% of the company’s stock.

General Electric Company Company Profile

Analyst Recommendations for General Electric Company (NYSE:GE)

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