General Electric (GE) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last twelve months. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GE shares.
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14 Wall Street research analysts have issued 1-year target prices for General Electric's stock. Their GE share price forecasts range from $80.00 to $125.00. On average, they anticipate the company's stock price to reach $103.87 in the next twelve months. This suggests that the stock has a possible downside of 2.1%.
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General Electric's stock was trading at $83.79 at the beginning of the year. Since then, GE stock has increased by 26.6% and is now trading at $106.06.
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General Electric saw a decline in short interest in May. As of May 15th, there was short interest totaling 13,470,000 shares, a decline of 13.2% from the April 30th total of 15,510,000 shares. Based on an average trading volume of 7,000,000 shares, the short-interest ratio is presently 1.9 days. Approximately 1.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
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General Electric (NYSE:GE) issued its quarterly earnings results on Tuesday, April, 25th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.14. The conglomerate had revenue of $14.49 billion for the quarter, compared to analyst estimates of $13.46 billion. General Electric had a trailing twelve-month return on equity of 9.45% and a net margin of 11.85%. The firm's revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS.
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General Electric announced a quarterly dividend on Friday, February 10th. Stockholders of record on Tuesday, March 7th will be paid a dividend of $0.08 per share on Tuesday, April 25th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, March 6th.
Read our dividend analysis for GE.

ETFs with the largest weight of General Electric (NYSE:GE) stock in their portfolio include Capital Group Dividend Value ETF (CGDV), ProShares S&P Kensho Cleantech ETF (CTEX), Invesco Aerospace & Defense ETF (PPA), Monarch Blue Chips Core ETF (MBCC), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Adaptiv Select ETF (ADPV), Engine No. 1 Transform Climate ETF (NETZ) and Industrial Select Sector SPDR Fund (XLI).

General Electric (NYSE:GE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.30%. The dividend payout ratio is 4.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GE will have a dividend payout ratio of 8.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GE.

Shares of General Electric reverse split before market open on 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.

General Electric issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $1.70-$2.00 for the period, compared to the consensus estimate of $1.98. The company issued revenue guidance of -.

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.

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).

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 BlackRock Inc. (6.20%), FMR LLC (5.86%), State Street Corp (4.45%), Price T Rowe Associates Inc. MD (4.29%), Dodge & Cox (3.18%) and TCI Fund Management Ltd. (2.40%). Insiders that own company stock include Edward P Garden, Electric Co General, H Lawrence Culp Jr, John S Slattery, Leslie Seidman, Michael J Holston, Paula Rosput Reynolds, Scott Strazik, Thomas S Timko and Trian Fund Management, LP.
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Shares of GE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GE stock can currently be purchased for approximately $106.06.

General Electric (NYSE:GE) has a market capitalization of $115.50 billion and generates $76.56 billion in revenue each year. The conglomerate earns $225 million in net income (profit) each year or $7.67 on an earnings per share basis.

The company employs 172,000 workers across the globe.

General Electric's mailing address is 5 Necco Street, BOSTON MA, 02210. The official website for the company is www.ge.com. The conglomerate can be reached via phone at (203) 373-2211, via email at investor@ge.com, or via fax at 203-373-3131.