General Electric (NYSE:GE) Shares Up 0.6%

General Electric (NYSE:GE - Get Free Report)'s share price was up 0.6% during trading on Tuesday . The stock traded as high as $175.05 and last traded at $174.59. Approximately 929,168 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 5,894,241 shares. The stock had previously closed at $173.49.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GE. Wells Fargo & Company raised their target price on General Electric from $144.00 to $148.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 24th. StockNews.com started coverage on shares of General Electric in a report on Wednesday, March 20th. They set a "hold" rating on the stock. Jefferies Financial Group lifted their target price on shares of General Electric from $180.00 to $195.00 in a research note on Monday, March 11th. TheStreet raised shares of General Electric from a "c+" rating to a "b+" rating in a research report on Tuesday, January 23rd. Finally, Barclays raised their price objective on shares of General Electric from $153.00 to $181.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $146.54.

General Electric Stock Up 0.1 %

The company has a market cap of $189.79 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. 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 company has a 50 day moving average of $149.60 and a 200-day moving average of $128.58.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, topping the consensus estimate of $0.90 by $0.13. The company had revenue of $19.42 billion during the quarter, compared to analyst estimates of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. General Electric's revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. On average, equities 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 13,601 shares of the business's stock in a transaction on 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 sale, the senior vice president now directly owns 48,339 shares of the company's stock, valued at $6,552,351.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the transaction, the senior vice president now directly owns 48,339 shares in the company, 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 Trading of General Electric

A number of hedge funds have recently modified their holdings of the business. Aspect Partners LLC bought a new position in shares of General Electric during the fourth quarter valued at $25,000. Halpern Financial Inc. increased its stake in shares of General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate's stock worth $25,000 after purchasing an additional 184 shares in the last quarter. Dagco Inc. bought a new stake in General Electric during the fourth quarter valued at about $27,000. Criterion Capital Advisors LLC purchased a new position in General Electric in the 4th quarter worth approximately $27,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of General Electric during the fourth quarter worth $29,000. Institutional investors own 74.77% of the company's stock.

About General Electric

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.