NYSE:GEGeneral Electric Stock Price, Forecast & News

General Electric's stock was trading at $8.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GE stock has decreased by 22.0% and is now trading at $6.40.
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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 quarterly earnings data on Wednesday, July, 29th. The conglomerate reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.06. The conglomerate had revenue of $17.75 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.17 earnings per share.
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General Electric declared a quarterly dividend on Friday, June 19th. Stockholders 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 dividend yield of 0.63%. The ex-dividend date is Friday, June 26th.
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15 equities research analysts have issued 1 year price objectives for General Electric's shares. Their forecasts range from $5.00 to $13.00. On average, they expect General Electric's share price to reach $9.13 in the next twelve months. This suggests a possible upside of 42.7% from the stock's current price.
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Media headlines about GE stock have been trending very negative recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. General Electric earned a news impact score of -3.4 on InfoTrie's scale. They also gave news coverage about the conglomerate a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days.
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General Electric saw a decrease in short interest in the month of 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. Approximately 1.0% 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), 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 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 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.
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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., Cannell Peter B & Co. Inc., Retirement Systems of Alabama, Summitry LLC, and Oregon Public Employees Retirement Fund. 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, MERIAN GLOBAL INVESTORS UK Ltd, Trexquant Investment LP, Robeco Institutional Asset Management B.V., Andra AP fonden, Pacer Advisors Inc., and Swiss National Bank. 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 $56.02 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]