News stories about General Electric (NYSE:GE) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. General Electric earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the conglomerate an impact score of 45.7152204473612 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Local GE exec heads to Blackstone after losing out on CEO job - Boston Business Journal (bizjournals.com)
- Baker Hughes, a GE company (bnamericas.com)
- BRIEF-GE signs 12-year agreement to boost profitability at Daya Bay nuclear power base (GE) (markets.businessinsider.com)
- GE Claims Vestas Infringes Wind Turbine Power Control Patent (washpost.bloomberg.com)
- BRIEF-Portland General Electric signs bond purchase agreement with certain institutional buyers (reuters.com)
Shares of General Electric (NYSE:GE) traded down 0.330% on Friday, reaching $25.675. The company’s stock had a trading volume of 7,499,353 shares. The company has a market cap of $222.29 billion, a P/E ratio of 31.273 and a beta of 1.21. General Electric has a 52-week low of $25.26 and a 52-week high of $32.38. The company has a 50 day moving average price of $26.94 and a 200 day moving average price of $28.78.
General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The company had revenue of $29.56 billion during the quarter, compared to analysts’ expectations of $29.07 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. General Electric’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. On average, analysts anticipate that General Electric will post $1.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 19th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Thursday, June 15th. General Electric’s payout ratio is currently 118.52%.
Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on General Electric from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Deutsche Bank AG set a $24.00 target price on General Electric and gave the company a “sell” rating in a research report on Monday, May 29th. Vetr downgraded General Electric from a “buy” rating to a “hold” rating and set a $28.47 price objective for the company. in a research report on Thursday, May 11th. Royal Bank Of Canada lowered their price objective on General Electric from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, April 24th. Finally, Goldman Sachs Group, Inc. (The) set a $29.00 price target on General Electric and gave the company a “neutral” rating in a report on Friday, July 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and an average target price of $30.25.
In other General Electric news, insider Alexander Dimitrief acquired 1,845 shares of General Electric stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average price of $25.54 per share, with a total value of $47,121.30. Following the completion of the purchase, the insider now directly owns 65,597 shares in the company, valued at approximately $1,675,347.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Beattie bought 16,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $28.05 per share, for a total transaction of $448,800.00. The disclosure for this purchase can be found here. Insiders have acquired 149,270 shares of company stock valued at $4,113,059 over the last 90 days. Company insiders own 0.36% of the company’s stock.
General Electric Company Profile
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