General Electric (NYSE:GE) Trading Down 0% – Here’s What Happened

General Electric (NYSE:GE) traded down 0% during trading on Tuesday . The company traded as low as $170.78 and last traded at $172.39. 1,186,038 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 3,525,401 shares. The stock had previously closed at $172.45.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. Sanford C. Bernstein lifted their target price on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Citigroup upped their target price on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company lifted their price target on shares of General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Bank of America raised their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.47.

General Electric Stock Performance

The stock has a market cap of $187.52 billion, a PE ratio of 30.45, a PEG ratio of 1.63 and a beta of 1.19. The stock has a fifty day simple moving average of $174.39 and a two-hundred day simple moving average of $173.23. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13.

General Electric (NYSE:GE) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. Equities analysts anticipate that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

Institutional Investors Weigh In On General Electric

Large investors have recently modified their holdings of the stock. Spartan Planning & Wealth Management acquired a new stake in shares of General Electric during the 4th quarter valued at $209,000. Diversified Trust Co grew its stake in General Electric by 32.1% in the fourth quarter. Diversified Trust Co now owns 27,689 shares of the conglomerate’s stock valued at $4,618,000 after purchasing an additional 6,729 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its position in General Electric by 1.0% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 14,502 shares of the conglomerate’s stock worth $2,419,000 after purchasing an additional 146 shares during the last quarter. Fortem Financial Group LLC raised its stake in shares of General Electric by 2.0% during the 4th quarter. Fortem Financial Group LLC now owns 3,378 shares of the conglomerate’s stock worth $563,000 after purchasing an additional 66 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. lifted its holdings in shares of General Electric by 1.4% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 84,783 shares of the conglomerate’s stock valued at $14,141,000 after buying an additional 1,201 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

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.