General Electric (NYSE:GE)‘s stock had its “buy” rating reaffirmed by analysts at William Blair in a research report issued on Monday.
Several other analysts also recently issued reports on the company. Goldman Sachs set a $14.00 price objective on General Electric and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase restated a “sell” rating on shares of General Electric in a report on Friday. Bank of America restated a “hold” rating and set a $17.00 price objective on shares of General Electric in a report on Sunday, April 15th. ValuEngine downgraded General Electric from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, Royal Bank of Canada restated a “hold” rating and set a $15.00 price objective on shares of General Electric in a report on Thursday, April 5th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. General Electric has an average rating of “Hold” and a consensus price target of $17.86.
General Electric stock traded down $0.03 during midday trading on Monday, hitting $14.51. The company’s stock had a trading volume of 15,637,980 shares, compared to its average volume of 89,455,961. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.72. General Electric has a 12 month low of $12.73 and a 12 month high of $29.93. The stock has a market cap of $126,244.66, a PE ratio of 13.85, a price-to-earnings-growth ratio of 2.73 and a beta of 1.02.
In related news, insider Alexander Dimitrief bought 2,689 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $16.16 per share, with a total value of $43,454.24. Following the completion of the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.12% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Palouse Capital Management Inc. boosted its position in shares of General Electric by 5.4% in the third quarter. Palouse Capital Management Inc. now owns 190,591 shares of the conglomerate’s stock valued at $4,608,000 after acquiring an additional 9,755 shares during the period. Boston Partners raised its stake in shares of General Electric by 2.5% in the third quarter. Boston Partners now owns 14,588,765 shares of the conglomerate’s stock valued at $352,756,000 after purchasing an additional 360,154 shares in the last quarter. Berkshire Asset Management LLC PA raised its stake in shares of General Electric by 4.0% in the third quarter. Berkshire Asset Management LLC PA now owns 958,533 shares of the conglomerate’s stock valued at $23,177,000 after purchasing an additional 36,870 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of General Electric by 10.2% in the third quarter. Gabelli Funds LLC now owns 2,225,000 shares of the conglomerate’s stock valued at $53,801,000 after purchasing an additional 206,644 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in shares of General Electric by 17.3% in the third quarter. Brookstone Capital Management now owns 315,454 shares of the conglomerate’s stock valued at $7,628,000 after purchasing an additional 46,415 shares in the last quarter. 56.12% of the stock is owned by hedge funds and other institutional investors.
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About General Electric
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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