Shares of General Electric (NYSE:GE) saw an uptick in trading volume on Tuesday . 507,724 shares traded hands during mid-day trading, a decline of 94% from the previous session’s volume of 7,979,280 shares.The stock last traded at $101.23 and had previously closed at $104.46.
A number of research firms have recently commented on GE. Zacks Investment Research lowered shares of General Electric from a “hold” rating to a “sell” rating and set a $112.00 price objective on the stock. in a research note on Monday, July 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $120.00 to $112.00 and set a “hold” rating on the stock in a research report on Wednesday, July 14th. Barclays boosted their target price on shares of General Electric from $120.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, May 19th. UBS Group reiterated a “buy” rating and set a $136.00 target price on shares of General Electric in a research report on Friday, July 23rd. Finally, Citigroup reiterated a “buy” rating and set a $136.00 target price on shares of General Electric in a research report on Wednesday, August 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, General Electric presently has an average rating of “Buy” and an average price target of $116.80.
The company has a market cap of $111.72 billion, a P/E ratio of 57.96, a price-to-earnings-growth ratio of 9.63 and a beta of 1.07. The company’s 50-day moving average is $103.36 and its two-hundred day moving average is $105.49. The company has a quick ratio of 1.51, a current ratio of 1.81 and a debt-to-equity ratio of 1.69.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 25th. Shareholders of record on Monday, September 27th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, September 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. General Electric’s payout ratio is 400.00%.
A number of hedge funds have recently modified their holdings of GE. Envestnet Asset Management Inc. increased its holdings in shares of General Electric by 37.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,302,563 shares of the conglomerate’s stock worth $17,103,000 after purchasing an additional 355,766 shares during the period. Beaumont Financial Partners LLC increased its stake in General Electric by 7.8% in the first quarter. Beaumont Financial Partners LLC now owns 27,922 shares of the conglomerate’s stock valued at $367,000 after acquiring an additional 2,031 shares during the last quarter. Natixis Advisors L.P. increased its stake in General Electric by 4.7% in the first quarter. Natixis Advisors L.P. now owns 1,951,746 shares of the conglomerate’s stock valued at $25,626,000 after acquiring an additional 87,851 shares during the last quarter. Howard Capital Management Group LLC bought a new position in General Electric in the first quarter valued at $171,000. Finally, Cullen Frost Bankers Inc. increased its stake in General Electric by 66.8% in the first quarter. Cullen Frost Bankers Inc. now owns 253,357 shares of the conglomerate’s stock valued at $3,327,000 after acquiring an additional 101,443 shares during the last quarter.
General Electric Company Profile (NYSE:GE)
General Electric Co engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services.
See Also: What is a Reverse Stock Split?
Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.