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General Electric (GE) Stock Price, News & Analysis

$167.33
+2.07 (+1.25%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$163.85
$169.15
50-Day Range
$136.47
$180.12
52-Week Range
$79.76
$170.80
Volume
5.50 million shs
Average Volume
7.60 million shs
Market Capitalization
$183.16 billion
P/E Ratio
54.86
Dividend Yield
0.67%
Price Target
$176.00

General Electric MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
5.2% Upside
$176.00 Price Target
Short Interest
Healthy
0.96% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.27
Upright™ Environmental Score
News Sentiment
0.81mentions of General Electric in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$7.38 M Sold Last Quarter
Proj. Earnings Growth
22.61%
From $3.98 to $4.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.54 out of 5 stars

Transportation Sector

19th out of 114 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

3rd out of 3 stocks

GE stock logo

About General Electric Stock (NYSE:GE)

GE is a multi-national conglomerate that was originally incorporated in 1892. The company was founded by Thomas Edison as the Edison General Electric Company and shortened its name to General Electric following a merger with two other early electric pioneers. The name was later shortened again to GE. The company is headquartered in Boston, Massachusetts but has operations on a global scale. One of the original 12 Dow stocks, the company was a component of the index for 122 years until its ousting in 2018.

Originally intended to make and market Edison’s incandescent lamp and following products, the company grew over the years through mergers, acquisitions, and natural expansion into newly created fields. Among the many early accomplishments is the creation of RCA and NBC which will both become forces of their own. Other major innovations include the world’s first turbine superchargers, industrial gas turbine engines, and the first jet engine. In the field of computing, General Electric Company is credited as being one of the 8 major computer companies of the 1960s and shares responsibility for today’s digital world. In regard to its employees, two were awarded the Nobel Prize for their work with the company.

Today GE operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. The company operates through four segments including Power, Renewables, Aerospace, and Healthcare although there are plans in the works to split the company into three separate entities. The three new companies would be GE Vernova (power and renewables), GE Health, and GE Aerospace. The spin-offs are expected to be completed by 2025.

The Power segment offers a variety of turbine engines for power production as well as the full range of services from plant construction to retrofit and refit. The Renewables segment is focused on solutions for renewable energy including wind and hydro and the technology to operate them. The Aviation segment manufactures aircraft engines of all varieties and the Healthcare segment offers technology for imaging, monitoring, diagnostics, and drug discovery to health and medical facilities.

General Electric is committed to helping the world transition to a greener way of life and is exiting the new-build coal-fired power industry. Instead, its advancements in wind, grid efficiency, and natural gas are being deployed around the world helping to reduce emissions and generate cleaner energy for businesses, industry, and communities. The company is targeting 2030 for its own carbon neutrality and 2050 for net zero emissions.

GE Stock Price History

GE Stock News Headlines

MarketBeat Week in Review – 4/22 - 4/26 (GE)
Investors continue to look for clarity as tech earnings sent stocks higher to end the week, even as investors hope for rate cuts fade as inflation rises
General Electric (NYSE:GE) Trading 1.6% Higher on Analyst Upgrade
General Electric (NYSE:GE) Shares Up 1.2% After Analyst Upgrade
General Electric Co
General Electric (NYSE:GE) Stock Price Down 0.6%
GE Appliances Releases Annual Report
See More Headlines
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Company Calendar

Ex-Dividend for 4/25 Dividend
4/12/2024
Last Earnings
4/23/2024
Dividend Payable
4/25/2024
Today
5/27/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
Industrial Conglomerates
CUSIP
36960410
Employees
125,000
Year Founded
1892

Price Target and Rating

Average Stock Price Target
$176.00
High Stock Price Target
$211.00
Low Stock Price Target
$125.00
Potential Upside/Downside
+5.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
15 Analysts

Profitability

Net Income
$9.48 billion
Pretax Margin
8.00%

Debt

Sales & Book Value

Annual Sales
$67.95 billion
Cash Flow
$5.02 per share
Book Value
$26.26 per share

Miscellaneous

Outstanding Shares
1,094,610,000
Free Float
1,087,383,000
Market Cap
$183.16 billion
Optionable
Optionable
Beta
1.25

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Key Executives

  • Mr. H. Lawrence Culp Jr.Mr. H. Lawrence Culp Jr. (Age 61)
    Chairman & CEO
    Comp: $8.7M
  • Mr. Rahul Ghai (Age 52)
    Senior VP & CFO
    Comp: $2.38M
  • Mr. Russell T. Stokes (Age 53)
    President and CEO of Commercial Engines and Services
    Comp: $3.6M
  • Mr. Robert M. Giglietti (Age 53)
    Chief Accounting Officer, Controller & Treasurer
  • Mr. David Burns
    Chief Information Officer
  • Mr. John R. Phillips
    Senior Vice President & General Counsel
  • Mr. Christian E. Meisner
    Chief Human Resources Officer
  • Mr. Christoph A. Pereira (Age 51)
    Chief Executive Officer of Aerospace Carbon Solutions (ACS) & Sustainability
  • Mr. Ramesh Singaram
    President & CEO of GE Gas Power's APAC
  • Mr. Peter Stracar
    President & CEO of European Region

GE Stock Analysis - Frequently Asked Questions

Should I buy or sell General Electric stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last year. There are currently 1 hold rating and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GE shares.
View GE analyst ratings
or view top-rated stocks.

What is General Electric's stock price target for 2024?

15 Wall Street analysts have issued 12 month price targets for General Electric's shares. Their GE share price targets range from $125.00 to $211.00. On average, they predict the company's stock price to reach $176.00 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
View analysts price targets for GE
or view top-rated stocks among Wall Street analysts.

How have GE shares performed in 2024?

General Electric's stock was trading at $127.63 at the beginning of 2024. Since then, GE shares have increased by 31.1% and is now trading at $167.33.
View the best growth stocks for 2024 here
.

When is General Electric's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our GE earnings forecast
.

How were General Electric's earnings last quarter?

General Electric (NYSE:GE) issued its quarterly earnings data on Tuesday, April, 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The conglomerate had revenue of $16.10 billion for the quarter, compared to analysts' expectations of $15.25 billion. General Electric had a net margin of 5.05% and a trailing twelve-month return on equity of 12.54%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS.

How often does General Electric pay dividends? What is the dividend yield for General Electric?

General Electric declared a quarterly dividend on Friday, April 5th. Stockholders of record on Monday, April 15th will be given a dividend of $0.28 per share on Thursday, April 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, April 12th. This is a positive change from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for GE
.

Is General Electric a good dividend stock?

General Electric (NYSE:GE) pays an annual dividend of $1.12 per share and currently has a dividend yield of 0.67%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GE will have a dividend payout ratio of 22.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GE.

When did General Electric's stock split?

Shares of General Electric reverse split on the morning of Monday, August 2nd 2021. The 1-8 reverse split was announced on Monday, August 2nd 2021. The number of shares owned by shareholders was adjusted after the closing bell on Monday, August 2nd 2021. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

What guidance has General Electric issued on next quarter's earnings?

General Electric updated its FY 2024 earnings guidance on Tuesday, April, 23rd. The company provided earnings per share guidance of 3.800-4.050 for the period, compared to the consensus earnings per share estimate of 3.950. The company issued revenue guidance of -.

What is H. Lawrence Culp, Jr.'s approval rating as General Electric's CEO?

690 employees have rated General Electric Chief Executive Officer H. Lawrence Culp, Jr. on Glassdoor.com. H. Lawrence Culp, Jr. has an approval rating of 89% among the company's employees.

What other stocks do shareholders of General Electric own?

Based on aggregate information from My MarketBeat watchlists, some companies that other General Electric investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), AT&T (T), Bank of America (BAC), Intel (INTC), Ford Motor (F), Cisco Systems (CSCO) and Walt Disney (DIS).

Who are General Electric's major shareholders?

General Electric's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.01%), Capital Research Global Investors (7.19%), Capital International Investors (5.40%), Price T Rowe Associates Inc. MD (1.75%), Capital World Investors (1.16%) and Canada Pension Plan Investment Board (0.65%). Insiders that own company stock include Electric Co General, General Electric Pension Trust, H Lawrence Culp Jr, John S Slattery, Leslie Seidman, Michael J Holston, Paula Rosput Reynolds, Russell Stokes, Scott Strazik and Thomas S Timko.
View institutional ownership trends
.

How do I buy shares of General Electric?

Shares of GE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GE) was last updated on 5/27/2024 by MarketBeat.com Staff

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