General Electric Company (NYSE:GE) was the target of some unusual options trading activity on Monday. Stock traders bought 68,897 call options on the stock. This represents an increase of approximately 116% compared to the typical volume of 31,959 call options.

General Electric (GE) opened at 25.59 on Thursday. The firm’s 50-day moving average is $27.22 and its 200-day moving average is $28.97. General Electric has a 52-week low of $25.26 and a 52-week high of $32.38. The stock has a market cap of $221.89 billion, a P/E ratio of 31.17 and a beta of 1.22.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The company had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.60%. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. Equities research analysts predict that General Electric will post $1.60 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, June 19th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.75%. General Electric’s dividend payout ratio (DPR) is presently 118.52%.

Several equities analysts have commented on GE shares. Vetr upgraded shares of General Electric from a “hold” rating to a “buy” rating and set a $30.43 price objective for the company in a research report on Thursday, April 27th. Stifel Nicolaus increased their price objective on shares of General Electric from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. William Blair reiterated a “buy” rating on shares of General Electric in a research report on Saturday, April 1st. Credit Suisse Group reiterated a “buy” rating and set a $34.00 price objective on shares of General Electric in a research report on Tuesday, April 11th. Finally, Argus lowered their price objective on shares of General Electric from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, April 24th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. General Electric currently has an average rating of “Hold” and a consensus price target of $30.25.

In other General Electric news, insider Alexander Dimitrief acquired 1,845 shares of the stock in a transaction on Monday, July 24th. The stock was acquired at an average price of $25.54 per share, for a total transaction of $47,121.30. Following the completion of the transaction, the insider now directly owns 65,597 shares of the company’s stock, valued at $1,675,347.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Rohr acquired 27,425 shares of the stock in a transaction on Monday, July 24th. The shares were acquired at an average price of $25.50 per share, with a total value of $699,337.50. The disclosure for this purchase can be found here. Insiders have acquired 149,270 shares of company stock valued at $4,113,059 in the last quarter. 0.36% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of GE. BerganKDV Wealth Management LLC raised its stake in shares of General Electric by 0.3% in the second quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock worth $319,000 after buying an additional 36 shares during the period. Puplava Financial Services Inc. raised its stake in General Electric by 0.4% in the second quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock worth $303,000 after buying an additional 41 shares during the last quarter. Northwest Wealth Management LLC raised its stake in General Electric by 0.8% in the second quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock worth $254,000 after buying an additional 75 shares during the last quarter. Insight 2811 Inc. raised its stake in General Electric by 0.3% in the first quarter. Insight 2811 Inc. now owns 37,789 shares of the conglomerate’s stock worth $1,126,000 after buying an additional 118 shares during the last quarter. Finally, Blue Fin Capital Inc. raised its stake in General Electric by 0.3% in the first quarter. Blue Fin Capital Inc. now owns 55,992 shares of the conglomerate’s stock worth $1,668,000 after buying an additional 158 shares during the last quarter. Institutional investors own 54.25% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “General Electric Target of Unusually High Options Trading (GE)” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/27/general-electric-target-of-unusually-high-options-trading-ge.html.

General Electric Company Profile

Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.