Should I hold or sell GE stock? (2024)

Should I hold or sell GE stock?

GE Aerospace has a conensus rating of Strong Buy which is based on 14 buy ratings, 2 hold ratings and 0 sell ratings. The average price target for GE Aerospace is $169.93. This is based on 16 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

What is the prediction for GE stock?

What do GE shareholders get in spinoff?

On April 2, General Electric GE spun off its clean energy business as GE Vernova. Each GE shareholder is receiving one share of GE Vernova for every four shares they hold of GE.

Should I sell my GE stock before the reverse split?

Selling before a reverse stock split is a good idea, but selling after the reverse stock split is not. Since you can sell before and after a reverse stock split, selling during one is optional. The main advantage of selling before the reverse stock split is that you don't have to wait around for it to happen.

What will GE stock be worth in 5 years?

GE stock price stood at $150.19

According to the latest long-term forecast, GE price will hit $200 by the end of 2024 and then $250 by the end of 2025. GE will rise to $300 within the year of 2027, $350 in 2028, $400 in 2029, $450 in 2030 and $500 in 2032.

What will GE shareholders get?

Holders of GE common stock will be entitled to receive one share of GE Vernova common stock for every four shares of GE common stock held on March 19, 2024, the record date for the distribution. The distribution is expected to occur before U.S. market open on April 2, 2024.

Who is the largest shareholder of General Electric?

The company operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and a financial services segment called GE Capital. The top shareholders of General Electric are Vanguard, Capital Research Global Investors, and BlackRock.

What will happen to my GE stock?

No, the number of shares of GE common stock you own will not change as a result of the planned spin-off of GE Vernova. Unless you sell or otherwise dispose of your shares of GE common stock, your balance before and after the spin-off will remain the same.

What will happen to my GE stock after the split?

GE's board of directors first approved the separation of the company's Aerospace and Energy branches back in February. Per the terms of the split, shareholders received one share of GEV for every four shares of GE stock owned at the time of the distribution date.

What happens to GE stock after company spin-off?

No, the number of shares of GE common stock you own did not change as a result of the GE HealthCare spin-off. Unless you sold or otherwise disposed of your shares of GE common stock, your balance before and after the spin-off is the same.

What is the GE dividend forecast for 2024?

GE Aerospace expects to generate more than $5 billion in 2024 free cash flow, which implies more than $3.7 billion to distribute. The payout of 28 cents a share will amount to about $300 million.

Why is GE stock doing so well?

In 2023, GE earnings surged 264% as revenue grew 17%, capped off by a solid fourth quarter, according to the company's 2023 Annual Report. Its aerospace business drove results while renewable energy and power both improved performance.

Is a reverse split good or bad?

Reverse stock splits do not impact a corporation's value, although they usually are a result of its stock having shed substantial value. The negative connotation associated with such an act is often self-defeating as the stock is subject to renewed selling pressure.

What is GE prediction for 2025?

Free cash flow for 2025 is expected to come in at $1.2 billion to $1.8 billion, up from a range from $0.7 billion to $1.1 billion for 2024. Eventually, GE Vernova sees Ebitda margins hitting 10%, which should drive Ebitda growth of roughly 15% a year on average for the coming five years.

What is happening with General Electric?

General Electric GE +2% (NYSE: GE) completed the spin-off of its power and renewables energy businesses on April 2. The spinoff company – GE Vernova – is now the new standalone energy company, while GE Aerospace will be focused on the company's aviation technology products.

Did GE raise its dividend?

Key Takeaways. GE Aerospace shares surged Friday as the company announced a 250% increase in its quarterly dividend.

Is GE stock a good long term investment?

If you buy GE stock now, you will get exposure to both companies after the spinoff takes place, and the good news is there's ample room for improvement in both companies in 2024. GE Aerospace has excellent earnings and orders momentum, with a multiyear backlog in place, and its defense business is improving, too.

Can I sell my GE stock?

To sell shares through a broker of their choice, the participant may request the broker to transfer shares electronically from the Plan account to their brokerage account. GE's share price may fluctuate between the time the sale request is received and the time the sale is completed on the open market.

Is General Electric going to split?

GE announced in November 2021 that it planned to split into three companies focused on aviation, energy and health care. At the time the company had already rid itself of the appliances that it was known for.

Is General Electric owned by a Chinese company?

Is GE owned by a Chinese company? The Chinese company Haier had then bought the General Electric Appliances division for 5.4 billion dollars. Since 2016, the GE appliances are owned by Haier.

Who did GE sell GE Capital to?

GE Capital Real Estate was sold to The Blackstone Group and Wells Fargo. The majority of GE Commercial Lending & Leasing was sold to Wells Fargo. Operations in Germany and France were sold to Crédit Mutuel. Operations in Australia were sold to Sankaty Advisors.

When did General Electric stock split?

Stock split history for General Electric (GE)

The most recent stock split occured on January 4th, 2023. One GE share bought prior to June 8th, 1971 would equal to 15.98688 GE shares today.

Is GE a safe stock?

The company has seen significant growth and margin gains in all its units, particularly in aerospace and renewables. While some experts believe it is a good long-term hold with strong potential for growth, others feel the current valuation is high.

Is GE buying back stock?

General Electric (GE) Announces $15B Share Buyback.

What caused GE stock to fall?

GE's decline accelerated during the Great Recession, as the financial crisis revealed that it was overstretched.