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 22.3% and is now trading at $6.38.
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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 results on Wednesday, July, 29th. The conglomerate reported ($0.15) earnings per share 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 positive return on equity of 7.94% and a negative net margin of 5.10%. The firm's quarterly revenue was down 38.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS.
View General Electric's earnings history.

General Electric declared a quarterly dividend on Friday, June 19th. Stockholders of record on Monday, June 29th will be given 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 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 43.2% from the stock's current price.
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Headlines about GE stock have trended negative recently, according to InfoTrie. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public 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 -2.0 on InfoTrie's scale. They also gave news stories about the conglomerate a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely 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 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 short-interest ratio is currently 0.8 days. Currently, 1.0% of the company's shares 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 number of institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (0.86%), Sumitomo Mitsui Trust Holdings Inc. (0.40%), Swiss National Bank (0.39%), Principal Financial Group Inc. (0.14%), New York State Teachers Retirement System (0.14%) and TCW Group Inc. (0.07%). 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 Bessemer Group Inc., ANTIPODES PARTNERS Ltd, Commerzbank Aktiengesellschaft FI, Russell Investments Group Ltd., Retirement Systems of Alabama, Oregon Public Employees Retirement Fund, Raymond James & Associates, and Fort Washington Investment Advisors Inc. OH. 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 bought by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Robeco Institutional Asset Management B.V., Andra AP fonden, Pacer Advisors Inc., Swiss National Bank, Principal Financial Group Inc., and Arizona State Retirement System. 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 $6.38.

General Electric has a market capitalization of $55.85 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]