JPMorgan Chase & Co. reissued their sell rating on shares of General Electric (NYSE:GE) in a research report released on Thursday morning. The brokerage currently has a $10.00 price objective on the conglomerate’s stock.

GE has been the topic of several other research reports. Gabelli reissued a buy rating and set a $21.00 price objective on shares of General Electric in a research note on Monday, September 24th. Morningstar set a $15.70 price objective on shares of General Electric and gave the company a buy rating in a research note on Monday, August 13th. Barclays raised shares of General Electric from an equal weight rating to an overweight rating and set a $16.00 price objective on the stock in a research note on Monday, October 8th. Zacks Investment Research downgraded shares of General Electric from a hold rating to a sell rating in a research note on Monday, September 24th. Finally, Bank of America set a $16.00 price objective on shares of General Electric and gave the company a hold rating in a research note on Monday, September 24th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $15.94.

Shares of GE traded down $0.50 on Thursday, hitting $11.30. 117,573,920 shares of the stock traded hands, compared to its average volume of 108,071,568. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.51 and a current ratio of 1.81. The company has a market capitalization of $98.11 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 2.21 and a beta of 0.96. General Electric has a 1 year low of $11.17 and a 1 year high of $21.30.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Shareholders of record on Monday, September 17th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Friday, September 14th. General Electric’s dividend payout ratio is currently 45.71%.

A number of large investors have recently bought and sold shares of GE. Buckley Wealth Management LLC grew its holdings in General Electric by 1.3% during the 1st quarter. Buckley Wealth Management LLC now owns 272,144 shares of the conglomerate’s stock valued at $3,669,000 after purchasing an additional 3,575 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in General Electric by 28.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 16,411 shares of the conglomerate’s stock valued at $221,000 after purchasing an additional 3,600 shares in the last quarter. Legacy Advisors LLC grew its holdings in General Electric by 16.3% during the 2nd quarter. Legacy Advisors LLC now owns 26,145 shares of the conglomerate’s stock valued at $356,000 after purchasing an additional 3,669 shares in the last quarter. Home Federal Bank of Tennessee grew its holdings in General Electric by 7.4% during the 2nd quarter. Home Federal Bank of Tennessee now owns 53,210 shares of the conglomerate’s stock valued at $725,000 after purchasing an additional 3,675 shares in the last quarter. Finally, Advisors Capital Management LLC grew its holdings in General Electric by 7.6% during the 1st quarter. Advisors Capital Management LLC now owns 52,750 shares of the conglomerate’s stock valued at $711,000 after purchasing an additional 3,714 shares in the last quarter. 53.75% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for General Electric (NYSE:GE)

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