General Electric (NYSE:GE) Price Target Increased to $211.00 by Analysts at The Goldman Sachs Group

General Electric (NYSE:GE) had its target price lifted by The Goldman Sachs Group from $190.00 to $211.00 in a report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the conglomerate’s stock.

A number of other research firms also recently weighed in on GE. Bank of America dropped their target price on General Electric from $175.00 to $165.00 and set a buy rating for the company in a research report on Monday, April 8th. Royal Bank of Canada dropped their target price on General Electric from $180.00 to $160.00 and set an outperform rating for the company in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $210.00 to $190.00 and set a buy rating for the company in a research report on Wednesday, April 3rd. TD Cowen upgraded General Electric from a hold rating to a buy rating and boosted their target price for the stock from $175.00 to $180.00 in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company dropped their target price on General Electric from $200.00 to $165.00 and set an overweight rating for the company in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $170.00.

General Electric Trading Up 0.7 %

Shares of GE opened at $162.35 on Wednesday. The stock has a fifty day moving average price of $160.72 and a two-hundred day moving average price of $136.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.17. General Electric has a 52-week low of $77.28 and a 52-week high of $163.65. The company has a market cap of $177.71 billion, a price-to-earnings ratio of 53.23, a PEG ratio of 3.05 and a beta of 1.29.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that General Electric will post 3.93 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. General Electric’s payout ratio is 36.72%.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Halpern Financial Inc. boosted its position in shares of General Electric by 968.4% during the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after buying an additional 184 shares during the period. Criterion Capital Advisors LLC acquired a new position in shares of General Electric during the fourth quarter worth about $27,000. CGC Financial Services LLC boosted its position in shares of General Electric by 90.2% during the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after buying an additional 110 shares during the period. Capital Analysts LLC boosted its position in shares of General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after buying an additional 87 shares during the period. Finally, Horrell Capital Management Inc. acquired a new position in shares of General Electric during the first quarter worth about $44,000. 74.77% of the stock is owned by institutional investors and hedge funds.

About General Electric

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.