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AMD   107.93 (+4.03%)
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GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)

General Electric (GE) Stock Forecast, Price & News

$104.01
+0.54 (+0.52%)
(As of 05/18/2023 ET)
Compare
Today's Range
$101.73
$104.28
50-Day Range
$88.97
$103.47
52-Week Range
$46.55
$104.28
Volume
4.59 million shs
Average Volume
7.35 million shs
Market Capitalization
$113.26 billion
P/E Ratio
13.56
Dividend Yield
0.31%
Price Target
$103.20

General Electric MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
0.8% Downside
$103.20 Price Target
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.27
Upright™ Environmental Score
News Sentiment
0.48mentions of General Electric in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$18.04 M Sold Last Quarter
Proj. Earnings Growth
96.55%
From $2.03 to $3.99 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Multi-Sector Conglomerates Sector

3rd out of 16 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

2nd out of 3 stocks


GE stock logo

About General Electric (NYSE:GE) Stock

GE is a multi-national conglomerate that was originally incorporated in 1892. The company was founded by Thomas Edison as the Edison General Electric Company and shortened its name to General Electric following a merger with two other early electric pioneers. The name was later shortened again to GE. The company is headquartered in Boston, Massachusetts but has operations on a global scale. One of the original 12 Dow stocks, the company was a component of the index for 122 years until its ousting in 2018.

Originally intended to make and market Edison’s incandescent lamp and following products, the company grew over the years through mergers, acquisitions, and natural expansion into newly created fields. Among the many early accomplishments is the creation of RCA and NBC which will both become forces of their own. Other major innovations include the world’s first turbine superchargers, industrial gas turbine engines, and the first jet engine. In the field of computing, General Electric Company is credited as being one of the 8 major computer companies of the 1960s and shares responsibility for today’s digital world. In regard to its employees, two were awarded the Nobel Prize for their work with the company.

Today GE operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. The company operates through four segments including Power, Renewables, Aerospace, and Healthcare although there are plans in the works to split the company into three separate entities. The three new companies would be GE Vernova (power and renewables), GE Health, and GE Aerospace. The spin-offs are expected to be completed by 2025.

The Power segment offers a variety of turbine engines for power production as well as the full range of services from plant construction to retrofit and refit. The Renewables segment is focused on solutions for renewable energy including wind and hydro and the technology to operate them. The Aviation segment manufactures aircraft engines of all varieties and the Healthcare segment offers technology for imaging, monitoring, diagnostics, and drug discovery to health and medical facilities.

General Electric is committed to helping the world transition to a greener way of life and is exiting the new-build coal-fired power industry. Instead, its advancements in wind, grid efficiency, and natural gas are being deployed around the world helping to reduce emissions and generate cleaner energy for businesses, industry, and communities. The company is targeting 2030 for its own carbon neutrality and 2050 for net zero emissions.

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GE Stock News Headlines

GE Announces Chief Financial Officer Transition
"The $51 Billion Laser Revolution"
See how a new contract with the Pentagon could spark a 2,476% sales surge for a small laser firm >>>
General Electric CFO Dybeck Happe to step down
GE finance chief Dybeck Happe to step down
UPDATE 1-GE finance chief Dybeck Happe to step down
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Brokerages Set General Electric (NYSE:GE) PT at $103.20
Credit Suisse Keeps Their Hold Rating on General Electric (GE)
General Electric: Not For Me Anymore
See More Headlines
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GE Company Calendar

Ex-Dividend for 4/25 Dividend
3/06/1900
Last Earnings
4/25/2023
Dividend Payable
4/25/2023
Today
5/18/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
Industrial Conglomerates
CUSIP
36960410
Employees
172,000
Year Founded
1892

Price Target and Rating

Average Stock Price Forecast
$103.20
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
-0.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Net Income
$225 million
Pretax Margin
12.27%

Debt

Sales & Book Value

Annual Sales
$76.56 billion
Cash Flow
$6.32 per share
Book Value
$30.14 per share

Miscellaneous

Outstanding Shares
1,088,960,000
Free Float
1,081,664,000
Market Cap
$113.26 billion
Optionable
Optionable
Beta
1.27

Social Links


Key Executives

  • H. Lawrence CulpH. Lawrence Culp
    Chairman & Chief Executive Officer
  • Carolina Dybeck-Happe
    Chief Financial Officer & Senior Vice President
  • Victor Abate
    Chief Technology Officer & Senior Vice President
  • Nancy Anderson
    Chief Information Officer & Vice President
  • Russell Stokes
    Senior VP, President & CEO-GE Aviation Services













GE Stock - Frequently Asked Questions

Should I buy or sell General Electric stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last year. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GE shares.
View GE analyst ratings
or view top-rated stocks.

What is General Electric's stock price forecast for 2023?

14 brokers have issued 12-month price targets for General Electric's stock. Their GE share price forecasts range from $80.00 to $120.00. On average, they anticipate the company's stock price to reach $103.20 in the next twelve months. This suggests that the stock has a possible downside of 0.0%.
View analysts price targets for GE
or view top-rated stocks among Wall Street analysts.

How have GE shares performed in 2023?

General Electric's stock was trading at $83.79 at the beginning of 2023. Since then, GE stock has increased by 23.2% and is now trading at $103.21.
View the best growth stocks for 2023 here
.

Are investors shorting General Electric?

General Electric saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 15,510,000 shares, a drop of 5.3% from the April 15th total of 16,380,000 shares. Based on an average trading volume of 6,950,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.4% of the company's stock are sold short.
View General Electric's Short Interest
.

When is General Electric's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our GE earnings forecast
.

How were General Electric's earnings last quarter?

General Electric (NYSE:GE) issued its quarterly earnings results on Tuesday, April, 25th. The conglomerate reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.14. The conglomerate had revenue of $14.49 billion for the quarter, compared to analyst estimates of $13.46 billion. General Electric had a trailing twelve-month return on equity of 9.45% and a net margin of 11.85%. General Electric's revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS.
Read the conference call transcript
.

How often does General Electric pay dividends? What is the dividend yield for General Electric?

General Electric announced a quarterly dividend on Friday, February 10th. Stockholders of record on Tuesday, March 7th will be paid a dividend of $0.08 per share on Tuesday, April 25th. This represents a $0.32 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Tuesday, March 6th.
Read our dividend analysis for GE
.

Is General Electric a good dividend stock?

General Electric (NYSE:GE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.32%. The dividend payout ratio is 4.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GE will have a dividend payout ratio of 8.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GE.

When did General Electric's stock split?

Shares of General Electric reverse split on 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 closing bell 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.

What guidance has General Electric issued on next quarter's earnings?

General Electric issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $1.70-$2.00 for the period, compared to the consensus EPS estimate of $1.98. The company issued revenue guidance of -.

What is H. Lawrence Culp, Jr.'s approval rating as General Electric's CEO?

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.

What other stocks do shareholders of General Electric own?

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).

What is General Electric's stock symbol?

General Electric trades on the New York Stock Exchange (NYSE) under the ticker symbol "GE."

Who are General Electric's major shareholders?

General Electric's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.20%), FMR LLC (5.86%), State Street Corp (4.45%), Price T Rowe Associates Inc. MD (4.29%), Dodge & Cox (3.18%) and TCI Fund Management Ltd. (2.40%). Insiders that own company stock include Edward P Garden, Electric Co General, H Lawrence Culp Jr, John S Slattery, Leslie Seidman, Paula Rosput Reynolds, Scott Strazik, Thomas S Timko and Trian Fund Management, LP.
View institutional ownership trends
.

How do I buy shares of General Electric?

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

What is General Electric's stock price today?

One share of GE stock can currently be purchased for approximately $103.21.

How much money does General Electric make?

General Electric (NYSE:GE) has a market capitalization of $112.39 billion and generates $76.56 billion in revenue each year. The conglomerate earns $225 million in net income (profit) each year or $7.67 on an earnings per share basis.

How many employees does General Electric have?

The company employs 172,000 workers across the globe.

How can I contact General Electric?

General Electric's mailing address is 5 Necco Street, BOSTON MA, 02210. The official website for the company is www.ge.com. The conglomerate can be reached via phone at (203) 373-2211, via email at investor@ge.com, or via fax at 203-373-3131.

This page (NYSE:GE) was last updated on 5/18/2023 by MarketBeat.com Staff

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