Streetbeat News

General Electric Company

https://www.geaerospace.com

Industry

Aerospace & Defense

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. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.

Open

176.75

Mkt cap

191B

Volume

4.6M

High

177.92

P/E Ratio

34.90

52-wk high

194.80

Low

175.89

Div yield

0.01

52-wk low

94.31

Financial analysis reveals a bearish sentiment among traders towards General Electric (NYSE:GE), with 63% showing bearish tendencies in recent options trading. The analysis highlighted unusual trades, with a significant number of puts and calls indicating a price target range for GE between $90.0 and $155.0. Notable options activity includes both bullish and bearish trades with varying expiration dates and strike prices. GE's current market standing shows a slight increase in stock price to $138.55, with potential overbought indicators. Analyst ratings from Barclays, Wells Fargo, and RBC Capital remain positive, with target prices suggesting an upward potential.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 8:31 pm

The 'Magnificent Seven' U.S. tech companies are nearing a $13-trillion market cap, outperforming the broader S&P 500 with significant sales growth and market dominance. Their impact raises concerns about equity index concentration, reminiscent of the dot-com bubble. Analysts predict a potential 16% surge by year-end, but caution against overestimating growth, citing past overvaluations.

Portfolio Pulse from Piero Cingari

February 05, 2024 | 9:13 pm

Barron's weekend stock picks highlight optimism for GE's future post-breakup, Meta's inaugural dividend signaling a shift in Big Tech's approach, a record outflow from ESG funds with iShares ESG Aware USA ETF facing challenges, Apple's resilience despite weak guidance, and Tesla's stock decline attributed to various factors including competition from Ford. The articles suggest a mixed outlook for these companies, with specific challenges and opportunities outlined for each.

Portfolio Pulse from Justin Chan

February 03, 2024 | 10:09 pm

General Electric has filed for a mixed shelf offering according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:12 pm

General Electric (GE) has filed to withdraw its registration statement on Form S-3, which was initially filed with the Securities and Exchange Commission (SEC) on February 27, 2023.

Portfolio Pulse from Charles Gross

February 02, 2024 | 11:58 am

General Electric (NYSE:GE) maintains a stable dividend payout of $0.08 per share, with an annualized yield of 0.26%. Despite a lower yield compared to Icahn Enterprises (NASDAQ:IEP), GE's consistent dividend and increasing earnings per share from $1.36 to $3.01 from 2020 to 2023 suggest a strong financial position and potential for future dividend growth.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

GE Vernova's nuclear segment, GE Hitachi Nuclear Energy, has been awarded a £33.6 million grant from the UK's Future Nuclear Enabling Fund (FNEF), managed by the Department for Business, Energy & Industrial Strategy (BEIS). This grant will support the development of the BWRX-300 small modular reactor (SMR) in the UK, which is expected to contribute to the country's net-zero carbon goals by providing a cost-effective and flexible nuclear power solution.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:05 pm

Barclays analyst Julian Mitchell has maintained an Overweight rating on General Electric (NYSE:GE) and increased the price target from $144 to $153, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 8:56 pm

RBC Capital analyst Deane Dray has maintained an Outperform rating on General Electric (NYSE:GE) but has reduced the price target from $150 to $148.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:15 pm

Wells Fargo analyst Joe O'Dea has maintained an Overweight rating on General Electric (NYSE:GE) and increased the price target from $144 to $148.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:04 pm

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