General Electric (NYSE:GE) Price Target Raised to $201.00 at UBS Group

General Electric (NYSE:GE - Free Report) had its target price hoisted by UBS Group from $191.00 to $201.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the conglomerate's stock.

GE has been the topic of a number of other reports. Wells Fargo & Company increased their price objective on shares of General Electric from $165.00 to $192.00 and gave the stock an overweight rating in a research note on Monday, April 29th. Citigroup increased their target price on shares of General Electric from $120.43 to $186.00 and gave the stock a buy rating in a report on Thursday, April 25th. Oppenheimer reissued a market perform rating on shares of General Electric in a report on Tuesday, March 5th. The Goldman Sachs Group raised their price objective on shares of General Electric from $190.00 to $211.00 and gave the company a buy rating in a report on Wednesday, April 24th. Finally, StockNews.com initiated coverage on shares of General Electric in a report on Monday, April 29th. They issued a hold rating for the company. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $176.00.

General Electric Stock Performance

Shares of GE stock traded up $4.45 on Thursday, hitting $165.26. The company's stock had a trading volume of 7,395,131 shares, compared to its average volume of 7,619,203. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. The stock's 50 day moving average is $162.43 and its 200-day moving average is $143.06. General Electric has a fifty-two week low of $79.76 and a fifty-two week high of $170.80. The company has a market capitalization of $180.90 billion, a PE ratio of 53.34, a PEG ratio of 1.78 and a beta of 1.25.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the prior year, the company posted $0.27 earnings per share. General Electric's revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that General Electric will post 3.98 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This is a boost from General Electric's previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.68%. General Electric's dividend payout ratio (DPR) is 36.72%.

Hedge Funds Weigh In On General Electric

Large investors have recently bought and sold shares of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of General Electric by 17.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,311 shares of the conglomerate's stock worth $255,000 after purchasing an additional 340 shares during the period. Corient Private Wealth LLC raised its stake in General Electric by 5.1% in the 3rd quarter. Corient Private Wealth LLC now owns 212,424 shares of the conglomerate's stock valued at $23,485,000 after acquiring an additional 10,380 shares during the period. NBC Securities Inc. bought a new stake in General Electric in the 3rd quarter valued at about $351,000. Empower Advisory Group LLC raised its stake in General Electric by 8.5% in the 3rd quarter. Empower Advisory Group LLC now owns 3,095 shares of the conglomerate's stock valued at $342,000 after acquiring an additional 242 shares during the period. Finally, Ieq Capital LLC raised its stake in General Electric by 4.1% in the 3rd quarter. Ieq Capital LLC now owns 32,273 shares of the conglomerate's stock valued at $3,568,000 after acquiring an additional 1,258 shares during the period. 74.77% of the stock is currently owned by institutional investors.

General Electric Company Profile

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.