Traders Sell General Electric (GE) on Strength (GE)

Investors sold shares of General Electric (NYSE:GE) on strength during trading on Monday. $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 14th highest net out-flow for the day. General Electric traded up $0.20 for the day and closed at $15.05

Several research firms have commented on GE. Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 price objective on shares of General Electric in a research note on Friday. Barclays began coverage on shares of General Electric in a research note on Thursday. They issued an “equal weight” rating and a $16.00 price objective for the company. Vertical Research set a $16.00 price objective on shares of General Electric and gave the company a “hold” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $14.00 price objective (down previously from $16.00) on shares of General Electric in a research note on Monday, February 12th. Finally, Deutsche Bank reiterated a “sell” rating and issued a $13.00 price objective (down previously from $15.00) on shares of General Electric in a research note on Thursday, February 8th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.86.

The company has a market capitalization of $130,510.00, a PE ratio of 13.94, a price-to-earnings-growth 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 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The company had revenue of $31.40 billion for the quarter, compared to the consensus estimate of $33.93 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. analysts predict that General Electric will post 0.99 EPS for the current fiscal year.

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

In related news, insider Alexander Dimitrief bought 2,689 shares of General Electric stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $16.16 per share, with a total value of $43,454.24. Following the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.36% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ffcm LLC purchased a new stake in General Electric in the 2nd quarter worth approximately $114,000. MPS Loria Financial Planners LLC purchased a new stake in General Electric in the 2nd quarter worth approximately $113,000. Corbenic Partners LLC lifted its stake in General Electric by 15.7% in the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after purchasing an additional 725 shares in the last quarter. Ford Financial Group Inc. purchased a new stake in General Electric in the 4th quarter worth approximately $108,000. Finally, Bristlecone Advisors LLC purchased a new stake in General Electric in the 3rd quarter worth approximately $164,000. 55.17% of the stock is owned by 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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