Investors Sell Shares of General Electric (GE) on Strength (GE)

Traders sold shares of General Electric (NYSE:GE) on strength during trading hours on Friday. $133.74 million flowed into the stock on the tick-up and $227.12 million flowed out of the stock on the tick-down, for a money net flow of $93.38 million out of the stock. Of all equities tracked, General Electric had the 0th highest net out-flow for the day. General Electric traded up $0.20 for the day and closed at $15.05

A number of research firms recently commented on GE. Vetr downgraded General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 target price on the stock. in a research report on Wednesday, January 10th. TheStreet downgraded General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. Morgan Stanley downgraded General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 target price on the stock. in a research report on Monday, October 23rd. Stifel Nicolaus downgraded General Electric from a “buy” rating to a “hold” rating and decreased their target price for the stock from $26.00 to $22.00 in a research report on Tuesday, October 24th. Finally, UBS Group downgraded General Electric from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $31.00 to $24.00 in a research report on Monday, October 23rd. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.86.

The company has a market capitalization of $130,510.00, a P/E ratio of 13.94, a P/E/G ratio of 2.86 and a beta of 0.93. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 2.09.

General Electric (NYSE:GE) last released its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $31.40 billion for the quarter, compared to the consensus estimate of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. equities research analysts expect that General Electric will post 0.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.19%. General Electric’s dividend payout ratio is 44.44%.

In other General Electric news, Director Francisco Dsouza bought 55,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average price of $17.94 per share, with a total value of $986,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander Dimitrief bought 2,689 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the purchase, the insider now owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 58,870 shares of company stock worth $1,049,050. Insiders own 0.36% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in General Electric by 64.6% in the fourth quarter. Franklin Resources Inc. now owns 184,682,929 shares of the conglomerate’s stock worth $3,222,649,000 after purchasing an additional 72,489,551 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in General Electric by 4,215.4% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 54,124,364 shares of the conglomerate’s stock worth $1,308,727,000 after purchasing an additional 52,870,164 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in General Electric by 167.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 62,730,118 shares of the conglomerate’s stock worth $1,094,640,000 after purchasing an additional 39,268,675 shares in the last quarter. American International Group Inc. grew its stake in General Electric by 823.5% in the fourth quarter. American International Group Inc. now owns 27,837,013 shares of the conglomerate’s stock worth $485,756,000 after purchasing an additional 24,822,828 shares in the last quarter. Finally, BlackRock Inc. grew its stake in General Electric by 3.9% in the second quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock worth $13,972,691,000 after purchasing an additional 19,422,516 shares in the last quarter. 54.98% of the stock is currently owned by hedge funds and other institutional investors.

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General Electric Company Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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