NYSE:GEGeneral Electric Stock Price, Forecast & News

General Electric's stock was trading at $8.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GE shares have decreased by 25.2% and is now trading at $6.14.
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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) posted its earnings results on Wednesday, July, 29th. The conglomerate reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by $0.06. The conglomerate had revenue of $17.75 billion for the quarter, compared to analyst estimates of $17.27 billion. General Electric had a positive return on equity of 7.94% and a negative net margin of 5.10%. The business's revenue was down 38.4% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS.
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General Electric declared a quarterly dividend on Friday, June 19th. Investors 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 0.65%. The ex-dividend date is Friday, June 26th.
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15 brokers have issued 12-month price targets 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 year. This suggests a possible upside of 48.8% from the stock's current price.
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News headlines about GE stock have been trending somewhat positive this week, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. General Electric earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned media stories about the conglomerate a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.
View the latest news about General Electric.

General Electric saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 87,980,000 shares, a decrease of 16.5% from the June 30th 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. Approximately 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 variety of institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (0.86%), Sumitomo Mitsui Trust Holdings Inc. (0.40%), New York State Teachers Retirement System (0.14%), ANTIPODES PARTNERS Ltd (0.06%), Robeco Institutional Asset Management B.V. (0.05%) and Raymond James & Associates (0.05%). 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 ANTIPODES PARTNERS Ltd, Commerzbank Aktiengesellschaft FI, Retirement Systems of Alabama, Oregon Public Employees Retirement Fund, Raymond James & Associates, Fort Washington Investment Advisors Inc. OH, NN Investment Partners Holdings N.V., and Honkamp Krueger Financial Services Inc..
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GE stock was acquired 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., Pacer Advisors Inc., Arizona State Retirement System, Sanders Morris Harris LLC, ProShare Advisors LLC, and Hillman Capital Management Inc.. 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 $6.14.

General Electric has a market capitalization of $53.75 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]