General Electric (NYSE:GE) Chairman H Lawrence Culp, Jr. purchased 331,684 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $9.04 per share, for a total transaction of $2,998,423.36. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

GE opened at $8.01 on Friday. The business’s 50-day moving average is $10.08 and its two-hundred day moving average is $9.97. General Electric has a 1 year low of $6.66 and a 1 year high of $13.78. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.73 and a quick ratio of 1.44. The firm has a market capitalization of $78.98 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03.

General Electric (NYSE:GE) last posted its earnings results on Wednesday, July 31st. The conglomerate reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. General Electric had a positive return on equity of 10.64% and a negative net margin of 15.38%. The company had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.83 billion. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that General Electric will post 0.64 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 1st were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.04 annualized dividend and a yield of 0.50%. General Electric’s dividend payout ratio (DPR) is presently 6.15%.

A number of institutional investors and hedge funds have recently bought and sold shares of GE. Ashburton Jersey Ltd purchased a new stake in shares of General Electric during the second quarter worth about $25,000. Employers Holdings Inc. purchased a new stake in shares of General Electric during the second quarter worth about $28,000. Fusion Family Wealth LLC grew its stake in shares of General Electric by 10,516.0% during the second quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock worth $28,000 after acquiring an additional 2,629 shares during the last quarter. Arbor Wealth Management LLC purchased a new stake in shares of General Electric during the fourth quarter worth about $30,000. Finally, Manchester Financial Inc. purchased a new stake in shares of General Electric during the second quarter worth about $30,000. Institutional investors own 57.49% of the company’s stock.

GE has been the topic of several research reports. Deutsche Bank set a $10.00 price target on General Electric and gave the company a “hold” rating in a research note on Thursday, May 2nd. William Blair restated a “buy” rating on shares of General Electric in a research note on Thursday, June 13th. ValuEngine lowered General Electric from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. restated a “sell” rating on shares of General Electric in a research note on Wednesday, July 31st. Finally, UBS Group lowered General Electric from a “buy” rating to a “neutral” rating and cut their price target for the company from $13.00 to $11.50 in a research note on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.68.

About General Electric

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

Featured Story: What is a portfolio manager?

Insider Buying and Selling by Quarter for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.