General Electric (NYSE:GE) Receives $211.31 Consensus PT from Analysts

General Electric (NYSE:GE) has been assigned a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $211.31.

Several analysts recently issued reports on the company. UBS Group upped their target price on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating on the stock. Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company upped their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th.

General Electric Stock Performance

GE opened at $198.68 on Friday. The business’s 50-day moving average price is $187.23 and its two-hundred day moving average price is $181.22. General Electric has a 1 year low of $122.48 and a 1 year high of $212.19. The company has a market capitalization of $213.24 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 2.59 and a beta of 1.22. 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 released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is currently 18.70%.

Institutional Investors Weigh In On General Electric

A number of large investors have recently added to or reduced their stakes in GE. Valley Wealth Managers Inc. acquired a new stake in General Electric during the third quarter worth approximately $25,000. New Age Alpha Advisors LLC boosted its holdings in shares of General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric in the 3rd quarter valued at $27,000. Hager Investment Management Services LLC acquired a new stake in shares of General Electric in the 4th quarter valued at $27,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of General Electric in the 3rd quarter valued at $28,000. 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.