UBS Group Increases General Electric (NYSE:GE) Price Target to $209.00

General Electric (NYSE:GE) had its price objective raised by UBS Group from $201.00 to $209.00 in a research note released on Monday morning, Benzinga reports. They currently have a buy rating on the conglomerate’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of General Electric from $148.00 to $175.00 and gave the company an overweight rating in a report on Monday, May 13th. Royal Bank of Canada boosted their target price on shares of General Electric from $165.00 to $175.00 and gave the company an outperform rating in a report on Wednesday, April 24th. Bank of America boosted their target price on shares of General Electric from $165.00 to $180.00 and gave the company a buy rating in a report on Wednesday, April 24th. TD Cowen upgraded shares of General Electric from a hold rating to a buy rating and boosted their target price for the company from $175.00 to $180.00 in a report on Tuesday, April 9th. Finally, Jefferies Financial Group boosted their target price on shares of General Electric from $185.00 to $190.00 and gave the company a buy rating in a report on Friday, June 28th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Electric currently has an average rating of Moderate Buy and a consensus target price of $181.93.

General Electric Stock Performance

Shares of NYSE GE opened at $163.06 on Monday. The company has a market cap of $178.49 billion, a PE ratio of 53.75, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22. General Electric has a 12 month low of $84.42 and a 12 month high of $170.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The company has a 50-day simple moving average of $162.51 and a 200-day simple moving average of $152.12.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, equities analysts anticipate that General Electric will post 4 earnings per share for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. General Electric’s payout ratio is currently 36.72%.

Insider Transactions at General Electric

In other news, SVP Russell Stokes sold 45,309 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the transaction, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Halpern Financial Inc. raised its holdings in General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 184 shares in the last quarter. Criterion Capital Advisors LLC acquired a new stake in General Electric in the fourth quarter valued at $27,000. CGC Financial Services LLC raised its holdings in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 110 shares in the last quarter. Capital Analysts LLC raised its holdings in General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Finally, Bfsg LLC acquired a new stake in General Electric in the fourth quarter valued at $32,000. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Company Profile

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.