General Electric (NYSE:GE) PT Raised to $230.00 at UBS Group

General Electric (NYSE:GE) had its target price hoisted by UBS Group from $223.00 to $230.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the conglomerate’s stock.

GE has been the subject of a number of other reports. Melius Research raised their price objective on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada raised their price target on shares of General Electric from $190.00 to $210.00 in a report on Tuesday, October 22nd. Sanford C. Bernstein boosted their price objective on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company increased their target price on shares of General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Jefferies Financial Group boosted their price target 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 research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.93.

General Electric Stock Performance

Shares of GE opened at $179.10 on Wednesday. General Electric has a one year low of $84.58 and a one year high of $194.80. The company has a 50-day moving average of $179.90 and a two-hundred day moving average of $168.48. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market cap of $194.20 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 1.74 and a beta of 1.18.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. On average, equities research analysts expect that General Electric will post 4.2 earnings per share for the current year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric’s dividend payout ratio is 19.68%.

Institutional Trading of General Electric

Large investors have recently modified their holdings of the company. Studio Investment Management LLC grew its stake in shares of General Electric by 97.5% in the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 78 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in General Electric in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in General Electric in the 3rd quarter worth $27,000. MFA Wealth Advisors LLC bought a new position in shares of General Electric during the 2nd quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of General Electric during the second quarter valued at about $32,000. 74.77% of the stock is owned by institutional investors.

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.