General Electric (NYSE:GE) Price Target Increased to $201.00 by Analysts at UBS Group

General Electric (NYSE:GE) had its target price raised by UBS Group from $191.00 to $201.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a buy rating on the conglomerate’s stock.

Several other equities analysts also recently issued reports on GE. Oppenheimer reiterated a market perform rating on shares of General Electric in a research report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $210.00 to $190.00 and set a buy rating for the company in a research report on Wednesday, April 3rd. TD Cowen upgraded General Electric from a hold rating to a buy rating and upped their target price for the stock from $175.00 to $180.00 in a research report on Tuesday, April 9th. The Goldman Sachs Group upped their target price on General Electric from $190.00 to $211.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company upped their target price on General Electric from $165.00 to $192.00 and gave the stock an overweight rating in a research report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $176.00.

General Electric Trading Up 2.8 %

Shares of GE opened at $165.26 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $180.90 billion, a P/E ratio of 54.18, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. The stock’s fifty day simple moving average is $162.39 and its 200 day simple moving average is $143.21. General Electric has a twelve month low of $79.76 and a twelve month high of $170.80.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. General Electric’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. On average, equities research analysts forecast that General Electric will post 3.98 earnings per share for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were paid a $0.28 dividend. The ex-dividend date was Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. General Electric’s dividend payout ratio is 36.72%.

Hedge Funds Weigh In On General Electric

A number of hedge funds have recently modified their holdings of GE. Capital World Investors increased its stake in shares of General Electric by 2,818.1% in the first quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate’s stock worth $2,237,930,000 after acquiring an additional 12,312,648 shares during the last quarter. Norges Bank bought a new stake in General Electric in the fourth quarter worth $1,193,159,000. Capital International Investors boosted its holdings in General Electric by 9.9% during the first quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate’s stock valued at $10,373,936,000 after acquiring an additional 5,309,543 shares during the period. Canada Pension Plan Investment Board boosted its holdings in General Electric by 221.6% during the first quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate’s stock valued at $1,250,079,000 after acquiring an additional 4,907,530 shares during the period. Finally, WCM Investment Management LLC acquired a new position in shares of General Electric during the fourth quarter valued at about $520,488,000. 74.77% of the stock is owned by institutional investors and hedge funds.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.