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 (WHO). Since then, GE shares have decreased by 20.0% and is now trading at $6.57. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for General Electric.

General Electric is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for General Electric.

General Electric (NYSE:GE) posted its quarterly earnings data on Wednesday, April, 29th. The conglomerate reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by $0.03. The conglomerate had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.34 billion. General Electric had a positive return on equity of 13.66% and a negative net margin of 2.39%. The company's revenue was down 24.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. View General Electric's earnings history.

General Electric announced a quarterly dividend on Friday, February 14th. Stockholders of record on Monday, March 9th will be given a dividend of $0.01 per share on Monday, April 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, March 6th. View General Electric's dividend history.

General Electric updated its first quarter 2020 Pre-Market earnings guidance on Thursday, April, 9th. The company provided earnings per share (EPS) guidance of 0.10 for the period, compared to the Thomson Reuters consensus estimate of $0.10.

15 equities research analysts have issued 1 year target prices for General Electric's shares. Their forecasts range from $5.00 to $13.00. On average, they anticipate General Electric's share price to reach $9.30 in the next twelve months. This suggests a possible upside of 41.6% from the stock's current price. View analysts' price targets for General Electric.

News coverage about GE stock has been trending somewhat positive recently, according to InfoTrie. The research firm rates the sentiment of news coverage by monitoring 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 sentiment score of 1.2 on InfoTrie's scale. They also assigned headlines about the conglomerate a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutGeneral Electric.

General Electric saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 109,710,000 shares, an increase of 13.2% from the April 15th total of 96,930,000 shares. Based on an average daily volume of 96,010,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.3% of the company's shares are short sold. View General Electric's Current Options Chain.

Some companies that are related to General Electric include Siemens (SIEGY), Koninklijke Philips (PHG), Emerson Electric (EMR), Legrand (LGRVF), Peloton (PTON) and Sharp (SHCAY). View all competitors.

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 variety of institutional and retail investors. Top institutional shareholders include State Street Corp (3.90%), Geode Capital Management LLC (1.46%), Pzena Investment Management LLC (0.74%), Legal & General Group Plc (0.64%), Franklin Resources Inc. (0.44%) and Sumitomo Mitsui Trust Holdings Inc. (0.40%). 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. View institutional ownership trends for General Electric.

GE stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Nuveen Asset Management LLC, Southeastern Asset Management Inc. TN, Commerzbank Aktiengesellschaft FI, State Street Corp, Janus Henderson Group PLC, Parametric Portfolio Associates LLC, and Gateway Investment Advisers LLC. View insider buying and selling activity for General Electric.

GE stock was purchased by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Bessemer Group Inc., Geode Capital Management LLC, Swiss National Bank, APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., and Wellington Management Group LLP. 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 $6.57.

General Electric has a market capitalization of $57.47 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]