Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. reissued a sell rating on shares of General Electric in a report on Wednesday, July 31st. William Blair reissued a buy rating on shares of General Electric in a report on Friday, August 16th. UBS Group downgraded shares of General Electric from a buy rating to a neutral rating and cut their price target for the stock from $13.00 to $11.50 in a report on Monday, July 15th. Deutsche Bank set a $10.00 price target on shares of General Electric and gave the stock a hold rating in a report on Thursday, May 2nd. Finally, Citigroup set a $14.00 price target on shares of General Electric and gave the stock a buy rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. General Electric presently has an average rating of Hold and an average target price of $11.68.
Shares of NYSE:GE opened at $7.97 on Thursday. The company’s 50-day moving average is $9.75 and its 200 day moving average is $9.91. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.44 and a current ratio of 1.73. The company has a market capitalization of $71.21 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 1.76 and a beta of 1.03. General Electric has a fifty-two week low of $6.66 and a fifty-two week high of $13.78.
In other news, Director Thomas W. Horton acquired 55,248 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $9.02 per share, with a total value of $498,336.96. Following the transaction, the director now directly owns 55,248 shares in the company, valued at approximately $498,336.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman H Lawrence Culp, Jr. acquired 331,684 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $9.04 per share, with a total value of $2,998,423.36. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 794,568 shares of company stock valued at $6,904,045. 1.13% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Stelac Advisory Services LLC increased its stake in General Electric by 21.7% in the fourth quarter. Stelac Advisory Services LLC now owns 73,000 shares of the conglomerate’s stock worth $553,000 after purchasing an additional 13,000 shares during the period. Parkwood LLC increased its stake in General Electric by 51.4% in the fourth quarter. Parkwood LLC now owns 743,990 shares of the conglomerate’s stock worth $5,632,000 after purchasing an additional 252,461 shares during the period. Point View Wealth Management Inc. increased its stake in General Electric by 54.4% in the fourth quarter. Point View Wealth Management Inc. now owns 167,189 shares of the conglomerate’s stock worth $1,266,000 after purchasing an additional 58,933 shares during the period. Essex Investment Management Co. LLC purchased a new stake in General Electric in the fourth quarter worth $41,000. Finally, Piedmont Investment Advisors Inc. increased its stake in General Electric by 337.6% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 395,046 shares of the conglomerate’s stock worth $2,990,000 after purchasing an additional 304,764 shares during the period. 58.85% of the stock is owned by institutional investors.
General Electric Company Profile
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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