General Electric - GE Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last twelve months. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GE shares.
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13 Wall Street research analysts have issued 12-month price targets for General Electric's shares. Their GE share price forecasts range from $80.00 to $102.00. On average, they predict the company's stock price to reach $93.14 in the next year. This suggests that the stock has a possible downside of 1.0%.
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General Electric's stock was trading at $83.79 at the start of the year. Since then, GE shares have increased by 12.3% and is now trading at $94.07.
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General Electric saw a increase in short interest in March. As of March 15th, there was short interest totaling 16,720,000 shares, an increase of 24.1% from the February 28th total of 13,470,000 shares. Based on an average trading volume of 7,940,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.6% 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, April 25th 2023.
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General Electric will be holding an earnings conference call on Tuesday, April 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

General Electric (NYSE:GE) announced its quarterly earnings data on Tuesday, January, 24th. The conglomerate reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.13. The conglomerate earned $21.79 billion during the quarter, compared to analyst estimates of $22.11 billion. General Electric had a net margin of 0.29% and a trailing twelve-month return on equity of 8.47%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share.
Read the conference call transcript.

General Electric declared a quarterly dividend on Friday, February 10th. Stockholders of record on Tuesday, March 7th will be given 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 0.34%. The ex-dividend date 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), Monarch Blue Chips Core ETF (MBCC), Invesco Aerospace & Defense ETF (PPA), Alpha Intelligent - Large Cap Value ETF (AILV), ProShares S&P Kensho Cleantech ETF (CTEX), Industrial Select Sector SPDR Fund (XLI), Engine No. 1 Transform Climate ETF (NETZ) and T. Rowe Price Equity Income ETF (TEQI).

General Electric (NYSE:GE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.35%.
Read our dividend analysis for GE.

General Electric's stock reverse split 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 market closes 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 updated its FY 2023 earnings guidance on Wednesday, March, 15th. The company provided EPS guidance of $1.60-$2.00 for the period, compared to the consensus estimate of $1.94. 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 number of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (4.98%), Geode Capital Management LLC (1.73%), T. Rowe Price Investment Management Inc. (1.33%), Moneta Group Investment Advisors LLC (1.23%), Pzena Investment Management LLC (1.21%) and Morgan Stanley (0.80%). Insiders that own company stock include Edward P Garden, Electric Co General, H Lawrence Culp Jr, John S Slattery, Leslie Seidman, Paula Rosput Reynolds 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 $94.07.

General Electric (NYSE:GE) has a market capitalization of $102.56 billion and generates $76.56 billion in revenue each year. The conglomerate earns $225 million in net income (profit) each year or ($0.03) 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.