General Electric (NYSE:GE) Now Covered by Analysts at Redburn Atlantic

Redburn Atlantic began coverage on shares of General Electric (NYSE:GE) in a research report released on Tuesday, Marketbeat reports. The firm issued a buy rating and a $250.00 target price on the conglomerate’s stock.

Other equities research analysts have also issued research reports about the company. UBS Group boosted their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Northcoast Research initiated coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Melius Research boosted their price objective on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Finally, Citigroup raised their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Price Performance

GE opened at $209.94 on Tuesday. The firm has a market capitalization of $225.33 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The business’s 50-day moving average is $183.40 and its two-hundred day moving average is $179.67. General Electric has a 1 year low of $118.13 and a 1 year high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Research analysts anticipate that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. General Electric’s dividend payout ratio (DPR) is 18.70%.

Institutional Trading of General Electric

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in General Electric in the 4th quarter worth $2,375,439,000. Jennison Associates LLC increased its stake in shares of General Electric by 91.8% during the third quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate’s stock worth $1,465,598,000 after purchasing an additional 3,719,894 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in General Electric by 21,069.8% in the 3rd quarter. International Assets Investment Management LLC now owns 3,173,142 shares of the conglomerate’s stock worth $598,391,000 after buying an additional 3,158,153 shares during the last quarter. Janus Henderson Group PLC increased its stake in General Electric by 87.7% during the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the conglomerate’s stock worth $597,412,000 after buying an additional 1,673,365 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of General Electric by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the conglomerate’s stock valued at $1,591,970,000 after acquiring an additional 1,204,910 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

About General Electric

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.