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 (WHO). Since then, GE shares have 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) announced its earnings results on Wednesday, July, 29th. The conglomerate reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks' 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%. The firm's revenue was down 38.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 EPS.
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General Electric declared a quarterly dividend on Friday, June 19th. Shareholders 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 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 brokers have issued 12-month target prices for General Electric's stock. 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 35.9% from the stock's current price.
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News headlines about GE stock have trended extremely negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media 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 five, with scores nearest to five being the most favorable. General Electric earned a news sentiment score of -4.1 on InfoTrie's scale. They also gave media coverage about the conglomerate a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about General Electric.

General Electric saw a increase in short interest during 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 trading volume of 119,280,000 shares, the short-interest ratio is presently 1.3 days. Approximately 1.7% of the company's stock are short sold.
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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 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 California Public Employees Retirement System (0.22%). 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 Prudential Financial Inc., Bessemer Group Inc., Toronto Dominion Bank, ANTIPODES PARTNERS Ltd, Bank of Nova Scotia, Commerzbank Aktiengesellschaft FI, Russell Investments Group Ltd., and Cannell Peter B & Co. Inc.. 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 acquired 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, Trexquant Investment LP, Ensign Peak Advisors Inc, Robeco Institutional Asset Management B.V., and Andra AP fonden. 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]