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

Deutsche Bank analyst Scott Deuschle has initiated coverage on General Electric (NYSE:GE) with a Buy rating and a price target of $141.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:54 am

A large bearish position has been taken on General Electric (NYSE:GE), with 12 options trades spotted, 11 of which are puts. The overall sentiment of these big-money traders is 33% bullish and 66% bearish. The whales have been targeting a price range from $100.0 to $120.0 for General Electric over the last 3 months. The current price of GE is up 0.95% at $110.97.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 3:17 pm

Benzinga's options activity scanner has identified significant options activity in eight industrial stocks: AAL, FDX, CARR, ADP, UPS, GE, DE, and RUN. The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 5:35 pm

General Electric's GE Vernova's Digital business has partnered with EnergyHub to enhance the management and optimization of Distributed Energy Resources (DERs). The collaboration aims to create an efficient tool for overseeing emerging energy assets, enhancing grid load adaptability, and refining grid operations. GE Vernova's GridOS DERMS, which serves over 90 clients and oversees 127 million utility service touchpoints globally, will be combined with EnergyHub's vast DER portfolio.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 5:02 pm

GE Vernova's Digital business and EnergyHub have announced a partnership to redefine how electric utilities manage distributed energy resources (DERs). The partnership combines GE Vernova's GridOS DERMS with EnergyHub's DERMS management and control over an extensive portfolio of grid-edge DERs. The solution is designed to streamline the management of these emerging energy assets, enabling utilities to build large DER aggregations, deliver enhanced load flexibility across the grid, unlock new energy storage capacity, and optimize grid performance.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:06 pm

The U.S. Federal Aviation Administration (FAA) has raised concerns over the potential presence of unauthorized components in General Electric Company's (NYSE:GE) model CF6 jet engines. The FAA has advised aircraft owners to perform inspections to identify these components. The unauthorized parts were allegedly sold by U.K.-based company, AOG Technics, without the requisite FAA approvals. CFM International, a jet engine manufacturer, reported that AOG Technics might have distributed thousands of engine components with forged documentation. GE shares closed lower by 1.62% at $112.99 on Thursday.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 1:06 pm

Investor Business Daily SwingTrader has reportedly sold its stock in General Electric.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:03 pm

General Electric (NYSE:GE) has announced a quarterly dividend of 8 cents per share, which will be paid out to shareholders on October 25, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 8 cents lower. Shareholders who own GE as of the end of Friday's session are eligible to receive the dividend.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:45 pm

Citi has initiated coverage on GE HealthCare Technologies Inc (NASDAQ:GEHC) with a Buy rating and a price target of $82. GEHC was spun off from General Electric (NYSE:GE) in January 2023, with GE retaining a 19.9% stake, later reduced to 13.5%. In 2022, GEHC reported sales of over $18 billion. GEHC shares are currently down 0.78% at $65.77.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 5:36 pm

A significant investor has taken a bearish stance on General Electric (NYSE:GE), with 60% of recent unusual options trades being bearish and 40% bullish. The trades include 6 puts totaling $213,353 and 9 calls totaling $477,071. The targeted price range for GE over the last 3 months is $90.0 to $130.0. The current price of GE is $117.29, up 1.56%, and RSI indicators suggest the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:16 pm

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