NYSE:GEGeneral Electric Stock Price, Forecast & News

General Electric's stock was trading at $8.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GE shares have decreased by 25.6% and is now trading at $6.11.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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General Electric is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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General Electric (NYSE:GE) issued its earnings results on Wednesday, July, 29th. The conglomerate reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by $0.06. The conglomerate earned $17.75 billion during the quarter, compared to the consensus estimate of $17.27 billion. General Electric had a positive return on equity of 7.94% and a negative net margin of 5.10%. General Electric's revenue for the quarter was down 38.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 earnings per share.
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General Electric announced a quarterly dividend on Friday, June 19th. Shareholders of record on Monday, June 29th will be given a dividend of $0.01 per share on Monday, July 27th. This represents a $0.04 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Friday, June 26th.
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15 equities research analysts have issued 12 month price targets for General Electric's shares. Their forecasts range from $5.00 to $13.00. On average, they anticipate General Electric's stock price to reach $9.13 in the next twelve months. This suggests a possible upside of 49.5% from the stock's current price.
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News coverage about GE stock has trended somewhat positive this week, InfoTrie reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. General Electric earned a news impact score of 1.6 on InfoTrie's scale. They also gave news stories about the conglomerate a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.
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General Electric saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 87,980,000 shares, a decline of 16.5% from the June 30th total of 105,310,000 shares. Based on an average daily volume of 105,940,000 shares, the short-interest ratio is presently 0.8 days. Approximately 1.0% of the company's shares are short sold.
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Some companies that are related to General Electric include Siemens (SIEGY), Koninklijke Philips (PHG), Emerson Electric (EMR), Peloton (PTON), Legrand (LGRVF) and Sharp (SHCAY).
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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), Canopy Growth (CGC), AT&T (T), Bank of America (BAC), Intel (INTC), Ford Motor (F), Cisco Systems (CSCO) and Walt Disney (DIS).

General Electric trades on the New York Stock Exchange (NYSE) under the ticker symbol "GE."

General Electric's stock is owned by a number of institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (0.86%), Sumitomo Mitsui Trust Holdings Inc. (0.40%), New York State Teachers Retirement System (0.14%), ANTIPODES PARTNERS Ltd (0.06%), Robeco Institutional Asset Management B.V. (0.05%) and Raymond James & Associates (0.05%). Company insiders that own General Electric stock include Alexander Dimitrief, Edward P Garden, Francisco Dsouza, H Lawrence Culp Jr, L Kevin Cox, Leslie Seidman, Paula Rosput Reynolds, Russell Stokes, Scott Strazik, Thomas S Timko and Thomas W Horton.
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GE stock was sold by a variety of institutional investors in the last quarter, including ANTIPODES PARTNERS Ltd, Commerzbank Aktiengesellschaft FI, Retirement Systems of Alabama, Oregon Public Employees Retirement Fund, Raymond James & Associates, Fort Washington Investment Advisors Inc. OH, NN Investment Partners Holdings N.V., and Honkamp Krueger Financial Services Inc..
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GE stock was purchased by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Robeco Institutional Asset Management B.V., Pacer Advisors Inc., Sanders Morris Harris LLC, TB Alternative Assets Ltd., Mathes Company Inc., and Envestnet Asset Management Inc.. Company insiders that have bought General Electric stock in the last two years include Alexander Dimitrief, Francisco Dsouza, H Lawrence Culp Jr, L Kevin Cox, Leslie Seidman, Paula Rosput Reynolds, Scott Strazik, Thomas S Timko, and Thomas W Horton.
View insider buying and selling activity for General Electric.

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

One share of GE stock can currently be purchased for approximately $6.11.

General Electric has a market capitalization of $53.44 billion and generates $95.21 billion in revenue each year. The conglomerate earns $-4,978,000,000.00 in net income (profit) each year or $0.65 on an earnings per share basis. General Electric employs 205,000 workers across the globe.

The official website for General Electric is www.ge.com.

General Electric's mailing address is 5 Necco Street, BOSTON MA, 02210. The conglomerate can be reached via phone at 617-443-3000 or via email at [email protected]