NYSE:GEGeneral Electric Stock Price, Forecast & News

General Electric's stock was trading at $8.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GE stock has decreased by 18.1% and is now trading at $6.72.
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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) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.09) by $0.06. The conglomerate had revenue of $17.75 billion for the quarter, compared to analysts' expectations of $17.27 billion. General Electric had a negative net margin of 5.10% and a positive return on equity of 7.94%. The business's revenue was down 38.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 EPS.
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General Electric declared a quarterly dividend on Friday, June 19th. Stockholders 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 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, June 26th.
View General Electric's dividend history.

15 analysts have issued twelve-month price targets for General Electric's stock. Their forecasts range from $5.00 to $13.00. On average, they anticipate General Electric's share price to reach $9.13 in the next twelve months. This suggests a possible upside of 35.9% from the stock's current price.
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Press coverage about GE stock has trended positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. General Electric earned a coverage optimism score of 2.7 on InfoTrie's scale. They also gave news headlines about the conglomerate a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.
View the latest news about General Electric.

General Electric saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 149,790,000 shares, an increase of 34.2% from the April 30th total of 111,650,000 shares. Based on an average daily trading volume, of 119,280,000 shares, the short-interest ratio is presently 1.3 days. Currently, 1.7% of the shares of the company are sold short.
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Some companies that are related to General Electric include Siemens (SIEGY), Koninklijke Philips (PHG), Emerson Electric (EMR), Legrand (LGRVF), Peloton (PTON) 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), Micron Technology (MU), Alibaba Group (BABA), 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 variety of institutional and retail investors. Top institutional investors include FMR LLC (5.23%), Pzena Investment Management LLC (0.86%), Sumitomo Mitsui Trust Holdings Inc. (0.40%), Platinum Investment Management Ltd. (0.40%), Swiss National Bank (0.39%) and New York State Common Retirement Fund (0.29%). 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, Thomas W Horton and Trian Fund Management, LP.
View institutional ownership trends for General Electric.

GE stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Prudential Financial Inc., Bessemer Group Inc., FIL Ltd, Toronto Dominion Bank, ANTIPODES PARTNERS Ltd, Bank of Nova Scotia, and Commerzbank Aktiengesellschaft FI. Company insiders that have sold General Electric company stock in the last year include Edward P Garden, and Trian Fund Management, LP.
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GE stock was purchased by a variety of institutional investors in the last quarter, including Platinum Investment Management Ltd., Pzena Investment Management LLC, Cibc World Markets Corp, MERIAN GLOBAL INVESTORS UK Ltd, Nordea Investment Management AB, Trexquant Investment LP, Ensign Peak Advisors Inc, and Robeco Institutional Asset Management B.V.. 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 $6.72.

General Electric has a market capitalization of $58.82 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]