General Electric Company (GE)
| Market Cap | 138.91B |
| Revenue (ttm) | 70.32B |
| Net Income (ttm) | 9.72B |
| Shares Out | 1.09B |
| EPS (ttm) | 8.85 |
| PE Ratio | 14.42 |
| Forward PE | 31.36 |
| Dividend | $0.32 (0.25%) |
| Ex-Dividend Date | Dec 27, 2023 |
| Volume | 2,571,892 |
| Open | 128.24 |
| Previous Close | 128.32 |
| Day's Range | 126.96 - 128.48 |
| 52-Week Range | 64.62 - 129.20 |
| Beta | 1.22 |
| Analysts | Strong Buy |
| Price Target | 124.00 (-2.84%) |
| Earnings Date | Jan 23, 2024 |
About GE
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The company also provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings. In addition,... [Read more]
Financial Performance
In 2022, GE's revenue was $76.56 billion, an increase of 3.18% compared to the previous year's $74.20 billion. Losses were -$64.00 million, -99.05% less than in 2021.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for GE stock is "Strong Buy." The 12-month stock price forecast is $124.0, which is a decrease of -2.84% from the latest price.
News
GE's stock has its best year on record ahead of final breakup
At the beginning of the second quarter, GE's power and renewable-energy business will be spun off as GE Vernova, while its remaining business will be relaunched as GE Aerospace. That follows the congl...
GE Stock Is Soaring. Why Wall Street Gets Some of the Credit.
The shares hit a new intraday 52-week high Tuesday.
Bull case for Aerospace in 2024
Stephanie Link, Hightower chief investment strategist, joins CNBC's 'Halftime Report' to discuss her bull case for Aerospace.
Byggmästare Anders J Ahlström Holding AB (publ): Ge-Te Media avyttrar SDR
Byggmästarens dotterföretag Ge-Te Media, där Byggmästaren äger ca 63 procent, har tecknat avtal om att avyttra SDR Svensk Direktreklam AB (”SDR”) till North Media A/S.
Calls of the Day: BlackRock, General Electric, Palo Alto, Fortinet and Boeing
The Halftime Investment Committee discusses BlackRock, General Electric, Palo Alto, Fortinet and Boeing.
GE Board of Directors Authorizes Regular Quarterly Dividend
BOSTON--(BUSINESS WIRE)--The Board of Directors of GE (NYSE: GE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable January 25, 2024, to ...
Wells Fargo upgraded General Electric to overweight, here's why
Matthew Akers, Wells Fargo aerospace and defense research analyst, joins 'Money Movers' to discuss what's behind his latest investment thesis on General Electric, how the company's recent spin-off wil...
GE Stock Gets New Buy Rating. The Bull Case for Its Aerospace Spinoff.
Wells Fargo analyst Matthew Akers launched coverage of the shares with a $144 price target.
Kroger, GE Launch In-Oven Shopping as Grocers Tap Contextual Commerce
As grocers increasingly tap contextual commerce, Kroger is making it possible for consumers to place orders for ingredients directly from their ovens' touchscreens. GE Appliances announced Wednesday (...
Prolec GE Invests an Additional $85 Million in Support of North American Electric Grid Goals
MONTERREY, Mexico--(BUSINESS WIRE)--Prolec GE will double its single-phase pad-mount transformer manufacturing capacity. Including this $85M, recent investments exceed $145 million U.S.
GE Vernova–MYTILINEOS Consortium Awarded £1bn Contract to Construct the UK's First High-Capacity East Coast Subsea Link
PARIS--(BUSINESS WIRE)--GE Vernova–MYTILINEOS Consortium Awarded £1bn Contract to Construct the UK's First High-Capacity East Coast Subsea Link.
Strong Execution From GE as Spinoffs Pending, Free Cash Flow on the Rise
You do not have to focus on the Magnificent Seven to find some huge 2023 winners. General Electric Co.'s (GE, Financial) shares have soared more than 80% this year, settling last week at the best mark...
GE Aerospace CEO Larry Culp: New build and commercial aerospace aftermarket 'couldn't be busier'
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
Power Play: GE's game-changing technology for EVs and grids
General Electric's NYSE: GE Vernova unit- to be spun off early in the second quarter of 2024, has been putting together the pieces of a lithium-battery business with implications for not only EVs, but...
GE Appliances Once Again Earns Top Score in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index
LOUISVILLE, Ky.--(BUSINESS WIRE)--GE Appliances, a Haier company, announced today that it received a score of 100 for the sixth consecutive year on the Human Rights Campaign Foundation's 2023-2024 Cor...
Down 20% This Year Is RTX Stock A Better Pick Than General Electric?
Given its better prospects, we believe RTX Corp stock (NYSE: RTX) is a better pick than its sector peer, General Electric stock (NYSE: GE).
GE Appliances Gives Power to People
LOUISVILLE, Ky.--(BUSINESS WIRE)--GE Appliances, a Haier company, today announced it will soon be offering whole-home energy solutions, at every price point, that will allow consumers to take control ...
Final Trades: Boeing, General Electric, JPMorgan & more
The "Halftime Report" traders give their top picks to watch for the second half.
GE stock surges to six-year high: What's behind the move?
Following the planned spin-off's completion, GE Vernova shares will trade on the New York Stock Exchange under the ticker symbol "GEV," and GE Aerospace will continue GE's listing on the New York Stoc...
GE Stock Is On Fire. The Big Question Is Why.
The Dubai Air Show, weakness in peers, and the overall economy might be at play.
GE's stock rallies toward a 6-year high, heads for best year on record
Shares of General Electric Co. GE, +1.15% continued their climb toward a six-year high Thursday, as they keep on pace to have their best year on record. The stock rose 1.2% in morning trading, putting...
GE Has New Boards for Its 2 Spinoffs. Here's Who Is on Them.
The historic company just reached another milestone in its separation.
GE names ex-Linde chief executive as non-executive chairman of spinoff GE Vernova
General Electric Co. GE, +0.22% on Tuesday named the board members of its energy business GE Vernova and GE Aerospace ahead of a split of the two units in the second quarter of next year. General Elec...
GE Announces Boards of Directors for Future Independent GE Vernova and GE Aerospace
BOSTON--(BUSINESS WIRE)--GE (NYSE:GE) today announced the Boards of Directors for GE Vernova—the planned independent public company that will be created following its spin-off from GE—and GE Aerospace...
Ray Dalio and Bridgewater May Have Saved GE
Current GE CEO Larry Culp once worked at hedge fund Bridgewater Associates, but he didn't stay.