General Electric (NYSE:GE) SVP Alexander Dimitrief acquired 10,000 shares of the stock in a transaction dated Tuesday, November 6th. The stock was acquired at an average cost of $9.48 per share, for a total transaction of $94,800.00. Following the purchase, the senior vice president now directly owns 103,075 shares in the company, valued at $977,151. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of GE opened at $8.58 on Friday. General Electric has a one year low of $8.15 and a one year high of $20.75. The stock has a market capitalization of $79.88 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 2.47 and a beta of 0.95. The company has a quick ratio of 1.36, a current ratio of 1.66 and a debt-to-equity ratio of 2.03.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, October 30th. The conglomerate reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). General Electric had a positive return on equity of 10.29% and a negative net margin of 27.36%. The firm had revenue of $29.57 billion during the quarter, compared to analyst estimates of $30.08 billion. During the same quarter in the previous year, the business earned $0.29 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, analysts anticipate that General Electric will post 0.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 25th. Shareholders of record on Monday, September 17th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.59%. The ex-dividend date was Friday, September 14th. General Electric’s payout ratio is 45.71%.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of General Electric from $10.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday. Barclays lowered their price objective on shares of General Electric from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 31st. Deutsche Bank lowered their price objective on shares of General Electric from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 31st. Credit Suisse Group reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of General Electric in a research note on Wednesday, October 31st. Finally, UBS Group raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, October 31st. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.72.

Institutional investors and hedge funds have recently made changes to their positions in the business. Buckley Wealth Management LLC lifted its stake in General Electric by 1.3% in the first quarter. Buckley Wealth Management LLC now owns 272,144 shares of the conglomerate’s stock valued at $3,669,000 after acquiring an additional 3,575 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in General Electric by 28.1% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 16,411 shares of the conglomerate’s stock valued at $221,000 after acquiring an additional 3,600 shares during the last quarter. Legacy Advisors LLC lifted its stake in General Electric by 16.3% in the second quarter. Legacy Advisors LLC now owns 26,145 shares of the conglomerate’s stock valued at $356,000 after acquiring an additional 3,669 shares during the last quarter. Home Federal Bank of Tennessee lifted its stake in General Electric by 7.4% in the second quarter. Home Federal Bank of Tennessee now owns 53,210 shares of the conglomerate’s stock valued at $725,000 after acquiring an additional 3,675 shares during the last quarter. Finally, Advisors Capital Management LLC lifted its stake in General Electric by 7.6% in the first quarter. Advisors Capital Management LLC now owns 52,750 shares of the conglomerate’s stock valued at $711,000 after acquiring an additional 3,714 shares during the last quarter. Institutional investors own 53.81% of the company’s stock.

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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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