General Electric (NYSE:GE) Stock Price Down 0.1%

General Electric (NYSE:GE) shares dropped 0.1% on Friday . The stock traded as low as $159.84 and last traded at $160.37. Approximately 860,181 shares traded hands during trading, a decline of 88% from the average daily volume of 7,284,463 shares. The stock had previously closed at $160.50.

Analysts Set New Price Targets

GE has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Jefferies Financial Group boosted their target price on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com assumed coverage on General Electric in a research report on Monday, April 29th. They issued a “hold” rating on the stock. Bank of America boosted their price objective on General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Vertical Research began coverage on shares of General Electric in a report on Thursday, April 4th. They issued a “buy” rating and a $160.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.36.

General Electric Stock Down 1.0 %

The firm’s 50 day simple moving average is $162.36 and its 200-day simple moving average is $151.37. The company has a market cap of $174.01 billion, a price-to-earnings ratio of 52.12, a P/E/G ratio of 1.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts anticipate that General Electric will post 3.99 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a $0.28 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.12 annualized dividend and a yield of 0.70%. General Electric’s dividend payout ratio (DPR) is 36.72%.

Insiders Place Their Bets

In other news, SVP Russell Stokes sold 45,309 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the sale, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GE. Halpern Financial Inc. raised its position in General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after buying an additional 184 shares during the last quarter. Criterion Capital Advisors LLC purchased a new position in General Electric during the fourth quarter worth about $27,000. CGC Financial Services LLC lifted its position in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the period. Capital Analysts LLC boosted its holdings in General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Finally, Bfsg LLC acquired a new position in General Electric during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Company Profile

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.