Brokerages Set General Electric (NYSE:GE) PT at $200.93

General Electric (NYSE:GE) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $200.93.

GE has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Melius Research lifted their target price on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. UBS Group lifted their target price on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on shares of General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Barclays lifted their target price on shares of General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th.

Insider Activity at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On General Electric

Several institutional investors have recently added to or reduced their stakes in the stock. Soltis Investment Advisors LLC lifted its position in General Electric by 269.8% in the 3rd quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate’s stock valued at $5,318,000 after acquiring an additional 20,575 shares in the last quarter. TD Private Client Wealth LLC lifted its position in General Electric by 38.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 20,563 shares of the conglomerate’s stock worth $3,878,000 after buying an additional 5,755 shares in the last quarter. Virtue Capital Management LLC lifted its position in General Electric by 37.3% during the 3rd quarter. Virtue Capital Management LLC now owns 8,245 shares of the conglomerate’s stock worth $1,555,000 after buying an additional 2,240 shares in the last quarter. Fortem Financial Group LLC lifted its position in General Electric by 3.1% during the 3rd quarter. Fortem Financial Group LLC now owns 3,312 shares of the conglomerate’s stock worth $625,000 after buying an additional 100 shares in the last quarter. Finally, Chiron Investment Management LLC bought a new stake in General Electric during the 3rd quarter worth about $4,289,000. 74.77% of the stock is owned by institutional investors.

General Electric Stock Performance

Shares of General Electric stock opened at $177.58 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The firm has a market cap of $192.19 billion, a P/E ratio of 31.21, a P/E/G ratio of 1.75 and a beta of 1.19. The firm has a 50 day simple moving average of $182.54 and a 200 day simple moving average of $170.81. General Electric has a fifty-two week low of $94.54 and a fifty-two week high of $194.80.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. General Electric’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 earnings per share. Sell-side analysts predict that General Electric will post 4.22 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 0.63%. General Electric’s dividend payout ratio is currently 19.68%.

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.