General Electric (NYSE:GE) Receives $211.31 Average Price Target from Brokerages

General Electric (NYSE:GE) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $211.31.

Several research firms recently commented on GE. UBS Group raised their target price on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company raised their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Citigroup raised their price target on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd.

Institutional Investors Weigh In On General Electric

Several hedge funds and other institutional investors have recently made changes to their positions in the company. M1 Capital Management LLC acquired a new stake in shares of General Electric in the 4th quarter valued at $760,000. DSG Capital Advisors LLC bought a new position in shares of General Electric in the 4th quarter worth $546,000. Chancellor Financial Group WB LP bought a new position in shares of General Electric in the 4th quarter worth $560,000. CWC Advisors LLC. boosted its position in shares of General Electric by 2.3% in the 4th quarter. CWC Advisors LLC. now owns 7,025 shares of the conglomerate’s stock worth $1,172,000 after purchasing an additional 160 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of General Electric by 6.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 581,337 shares of the conglomerate’s stock worth $96,961,000 after purchasing an additional 34,994 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Price Performance

General Electric stock opened at $203.99 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $218.94 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a one year low of $133.99 and a one year high of $212.19. The business has a 50 day simple moving average of $198.63 and a 200 day simple moving average of $184.87.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, sell-side analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Monday, March 10th. General Electric’s dividend payout ratio (DPR) is 24.04%.

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.