Investors Buy Shares of General Electric (GE) on Weakness

Traders purchased shares of General Electric (NYSE:GE) on weakness during trading on Monday. $251.32 million flowed into the stock on the tick-up and $149.70 million flowed out of the stock on the tick-down, for a money net flow of $101.62 million into the stock. Of all stocks tracked, General Electric had the 7th highest net in-flow for the day. General Electric traded down ($0.02) for the day and closed at $14.52

GE has been the subject of a number of recent research reports. Vertical Research set a $18.00 target price on General Electric and gave the stock a “hold” rating in a research report on Tuesday, January 16th. TheStreet downgraded General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. UBS initiated coverage on General Electric in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $17.00 target price for the company. Tigress Financial reissued a “hold” rating on shares of General Electric in a research report on Thursday, December 28th. Finally, DZ Bank reissued a “sell” rating on shares of General Electric in a research report on Tuesday, April 3rd. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.86.

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The company has a debt-to-equity ratio of 1.72, a current ratio of 1.87 and a quick ratio of 1.59. The firm has a market capitalization of $126,071.01, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 2.72 and a beta of 1.02.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, April 20th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The company had revenue of $28.66 billion during the quarter, compared to analyst estimates of $27.26 billion. General Electric had a positive return on equity of 11.22% and a negative net margin of 6.16%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. equities analysts predict that General Electric will post 1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, February 23rd. General Electric’s dividend payout ratio is 45.71%.

In other General Electric news, insider Alexander Dimitrief acquired 2,689 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average price of $16.16 per share, with a total value of $43,454.24. Following the completion of the purchase, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.12% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Ford Financial Group Inc. purchased a new stake in General Electric during the fourth quarter valued at about $108,000. Ffcm LLC purchased a new stake in General Electric during the second quarter valued at about $114,000. Santori & Peters Inc. purchased a new stake in General Electric during the fourth quarter valued at about $120,000. Avestar Capital LLC purchased a new stake in General Electric during the fourth quarter valued at about $137,000. Finally, Corbenic Partners LLC increased its holdings in shares of General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after buying an additional 725 shares during the period. 56.12% of the stock is owned by institutional investors.

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About General Electric

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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