General Electric Company (NYSE:GE) shares traded -0.25% lower at $113.57 on Wall Street last session.
In accordance with the data, 20 analysts cover General Electric Company (NYSE:GE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $140.00 and a low of $110.00, we find $131.00. Given the previous closing price of $113.85, this indicates a potential upside of 15.06 percent. GE stock price is now 3.54% away from the 50-day moving average and 27.03% away from the 200-day moving average. The market capitalization of the company currently stands at $122.50B.
It has been rated a hold by 8 analysts and a buy by 11. Brokers who have rated the stock have averaged $127.95 as their price target over the next twelve months.
In other news, Holston Michael J, Senior Vice President sold 112,614 shares of the company’s stock on Jul 27. The stock was sold for $12,973,133 at an average price of $115.20. Upon completion of the transaction, the Senior Vice President now directly owns 57,923 shares in the company, valued at $6.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 30, 10% Owner GENERAL ELECTRIC PENSION TRUST bought 35,160 shares of the business’s stock. A total of $35,000,000 was incurred on buying the stock at an average price of $995.44. This leaves the insider owning 175,160 shares of the company worth $19.89 million. Insiders disposed of 286,439 shares of company stock worth roughly $32.53 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GE stock. A new stake in General Electric Company shares was purchased by EGERTON CAPITAL (UK) LLP during the first quarter worth $433,139,000. GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC invested $85,208,000 in shares of GE during the first quarter. In the first quarter, DUQUESNE FAMILY OFFICE LLC acquired a new stake in General Electric Company valued at approximately $83,598,000. ZURICH INSURANCE GROUP LTD/FI acquired a new stake in GE for approximately $70,897,000. STOCKBRIDGE PARTNERS LLC purchased a new stake in GE valued at around $57,746,000 in the second quarter. In total, there are 2,049 active investors with 71.90% ownership of the company’s stock.
General Electric Company (NYSE: GE) opened at $113.73 on Wednesday. During the past 12 months, General Electric Company has had a low of $48.29 and a high of $117.96. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 1.30, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $121.74B, which is based on a 13.61 price-to-earnings ratio, a 0.47 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for GE is $109.88 and a two-hundred day moving average price translates $89.68 for the stock.
The latest earnings results from General Electric Company (NYSE: GE) was released for Jun, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.46 by 0.22. This compares to $0.23 EPS in the same period last year. The net profit margin was 12.80% and return on equity was 28.80% for GE. The company reported revenue of $16.7 billion for the quarter, compared to $14.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.21 percent. For the current quarter, analysts expect GE to generate $15.7B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/25/2023. Investors who held shares on 07/11/2023 were paid a $0.08 dividend. On an annualized basis, this represents a $0.32 dividend and a 0.28% percent yield. There was an ex-dividend date of 07/10/2023 for this dividend. In terms of dividend payout ratio, GE is presently at 3.80%.
