General Electric (NYSE:GE) Stock Price Up 1.3%

General Electric (NYSE:GE - Get Free Report) traded up 1.3% during mid-day trading on Tuesday . The stock traded as high as $142.01 and last traded at $141.68. 5,535,177 shares were traded during trading, a decline of 9% from the average session volume of 6,053,736 shares. The stock had previously closed at $139.86.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. TheStreet raised shares of General Electric from a "c+" rating to a "b+" rating in a report on Tuesday, January 23rd. StockNews.com began coverage on shares of General Electric in a research note on Thursday, March 28th. They set a "hold" rating for the company. Royal Bank of Canada upped their target price on shares of General Electric from $148.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. JPMorgan Chase & Co. cut their target price on shares of General Electric from $180.00 to $148.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group upped their target price on shares of General Electric from $180.00 to $195.00 in a research note on Monday, March 11th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.08.

General Electric Trading Down 22.2 %

The company has a market cap of $149.20 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 2.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The business's 50 day moving average price is $154.32 and its 200-day moving average price is $130.76.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.13. The business had revenue of $19.42 billion during the quarter, compared to analysts' expectations of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The firm's revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. On average, research analysts forecast that General Electric will post 4.57 EPS for the current year.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now owns 48,339 shares in the company, valued at approximately $6,552,351.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 48,339 shares of the company's stock, valued at approximately $6,552,351.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated Wednesday, February 14th. The stock was 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 directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of General Electric by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate's stock valued at $11,288,136,000 after purchasing an additional 550,996 shares during the last quarter. State Street Corp boosted its stake in shares of General Electric by 3.5% in the 2nd quarter. State Street Corp now owns 50,207,805 shares of the conglomerate's stock valued at $5,515,327,000 after purchasing an additional 1,717,793 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of General Electric by 122,242.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,438,063 shares of the conglomerate's stock valued at $878,644,000 after purchasing an additional 13,427,079 shares during the last quarter. Northern Trust Corp boosted its stake in shares of General Electric by 4.0% in the 3rd quarter. Northern Trust Corp now owns 10,588,433 shares of the conglomerate's stock valued at $1,170,551,000 after purchasing an additional 410,061 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of General Electric in the 4th quarter valued at approximately $1,193,159,000. 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.