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 22.1% and is now trading at $6.3950.
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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) released its quarterly earnings results on Wednesday, July, 29th. The conglomerate reported ($0.15) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.09) by $0.06. The conglomerate earned $17.75 billion during the quarter, compared to analyst estimates of $17.27 billion. General Electric had a negative net margin of 5.10% and a positive return on equity of 7.94%. General Electric's revenue for the quarter was down 38.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share.
View General Electric's earnings history.

General Electric announced a quarterly dividend on Friday, June 19th. Investors of record on Monday, June 29th will be paid a dividend of $0.01 per share on Monday, July 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, June 26th.
View General Electric's dividend history.

15 Wall Street analysts have issued 12 month price objectives for General Electric's shares. Their forecasts range from $5.00 to $13.00. On average, they expect General Electric's stock price to reach $9.13 in the next year. This suggests a possible upside of 42.8% from the stock's current price.
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News stories about GE stock have trended positive this week, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. General Electric earned a news impact score of 2.1 on InfoTrie's scale. They also assigned news headlines about the conglomerate a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about General Electric.

General Electric saw a decrease in short interest in July. As of July 31st, there was short interest totaling 87,980,000 shares, a decrease of 16.5% from the July 15th total of 105,310,000 shares. Based on an average daily volume of 105,940,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.0% of the company's shares are sold short.
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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 many different institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (0.86%), Sumitomo Mitsui Trust Holdings Inc. (0.40%), Platinum Investment Management Ltd. (0.40%), Swiss National Bank (0.39%), New York State Common Retirement Fund (0.29%) and Principal Financial Group Inc. (0.14%). 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 Bessemer Group Inc., ANTIPODES PARTNERS Ltd, Commerzbank Aktiengesellschaft FI, Russell Investments Group Ltd., Retirement Systems of Alabama, Summitry LLC, Oregon Public Employees Retirement Fund, and Raymond James & Associates. 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, MERIAN GLOBAL INVESTORS UK Ltd, Robeco Institutional Asset Management B.V., Andra AP fonden, Pacer Advisors Inc., Swiss National Bank, and Principal Financial Group 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 $6.40.

General Electric has a market capitalization of $55.98 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]