General Electric (NYSE:GE) Trading 5.3% Higher

General Electric (NYSE:GEGet Free Report)’s stock price shot up 5.3% during mid-day trading on Wednesday . The stock traded as high as $145.18 and last traded at $143.76. 5,075,660 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 6,273,597 shares. The stock had previously closed at $136.47.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GE. Royal Bank of Canada increased their price target on shares of General Electric from $148.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Citigroup increased their price target on shares of General Electric from $135.00 to $148.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. StockNews.com began coverage on shares of General Electric in a research report on Thursday, March 28th. They issued a “hold” rating for the company. Oppenheimer reissued a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Finally, Jefferies Financial Group increased their price target on shares of General Electric from $180.00 to $195.00 in a research report on Monday, March 11th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.38.

View Our Latest Research Report on GE

General Electric Trading Up 6.7 %

The company has a market capitalization of $159.17 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 2.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85. The business’s 50-day moving average price is $154.45 and its two-hundred day moving average price is $130.91.

General Electric (NYSE:GEGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, beating the consensus estimate of $0.90 by $0.13. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. Research analysts predict that General Electric will post 4.57 earnings per share for the current year.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now 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 is accessible through this link. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now 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 is accessible through this link. Also, SVP Michael J. Holston sold 13,601 shares of the business’s 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 sale, the senior vice president now directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Institutional Trading of General Electric

Institutional investors have recently modified their holdings of the business. Sei Investments Co. boosted its position in General Electric by 10.0% during the first quarter. Sei Investments Co. now owns 305,384 shares of the conglomerate’s stock valued at $27,925,000 after acquiring an additional 27,682 shares during the last quarter. Prudential PLC bought a new stake in General Electric during the first quarter valued at $1,518,000. Sequoia Financial Advisors LLC raised its holdings in shares of General Electric by 2.9% during the first quarter. Sequoia Financial Advisors LLC now owns 11,748 shares of the conglomerate’s stock valued at $1,075,000 after purchasing an additional 334 shares during the period. Merit Financial Group LLC acquired a new position in shares of General Electric during the first quarter valued at about $388,000. Finally, West Family Investments Inc. acquired a new position in shares of General Electric during the first quarter valued at about $230,000. Institutional investors own 74.77% of the company’s stock.

About General Electric

(Get Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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