General Electric (GE) Stock Price, News & Analysis

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 "moderate buy" GE shares.
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13 Wall Street research analysts have issued 12-month price objectives for General Electric's shares. Their GE share price targets range from $102.00 to $150.00. On average, they anticipate the company's stock price to reach $130.43 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
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General Electric's stock was trading at $83.79 at the beginning of 2023. Since then, GE shares have increased by 52.3% and is now trading at $127.63.
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General Electric saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 10,550,000 shares, an increase of 33.5% from the November 30th total of 7,900,000 shares. Based on an average daily volume of 4,740,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.0% of the company's stock are short sold.
View General Electric's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024.
View our GE earnings forecast.

General Electric (NYSE:GE) posted its quarterly earnings results on Tuesday, October, 24th. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.26. The conglomerate earned $17.35 billion during the quarter, compared to the consensus estimate of $15.46 billion. General Electric had a net margin of 14.38% and a trailing twelve-month return on equity of 11.10%. The firm's revenue was up 19.9% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS.
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General Electric declared a quarterly dividend on Friday, December 15th. Shareholders of record on Thursday, December 28th will be paid a dividend of $0.08 per share on Thursday, January 25th. This represents a $0.32 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Wednesday, December 27th.
Read our dividend analysis for GE.

General Electric (NYSE:GE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.25%. The dividend payout ratio is 3.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GE will have a dividend payout ratio of 7.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GE.

ETFs with the largest weight of General Electric (NYSE:GE) stock in their portfolio include TCW Transform Systems ETF (NETZ), Invesco Aerospace & Defense ETF (PPA), Capital Group Dividend Value ETF (CGDV), Monarch Blue Chips Core ETF (MBCC), Adaptiv Select ETF (ADPV), Industrial Select Sector SPDR Fund (XLI), ProShares S&P Kensho Cleantech ETF (CTEX) and Alpha Intelligent - Large Cap Value ETF (AILV).

Shares of General Electric reverse split on the morning of 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 FY23 earnings guidance on Tuesday, October, 24th. The company provided earnings per share (EPS) guidance of $2.55-2.65 for the period, compared to the consensus earnings per share estimate of $2.36.

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).

Shares of GE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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