E Daily Report: General Electric (GE)

General Electric Co goes by the ticker symbol GE and is a stalwart in the industrials business sector as a specialty industrial machinery manufacturer. This is my first report on General Electric Inc for this Vista folio or any of my previous five stock portfolios.

General Electric Co was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. 

Today, GE is a global leader in air travel, precision health, and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, onshore and offshore wind turbines, as well as medical diagnostic and mobile equipment. 

GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by former Danaher alum Larry Culp who is leading a multi-year turnaround of the storied conglomerate based on Lean principles.

The company's Capital segment offers aviation leasing and financing, and working capital services; financial solutions and underwriting capabilities; and insurance and reinsurance for life and health risks, as well as annuity products. 

The company was founded in 1878 and is headquartered in Boston, Massachusetts.

Three key data points gauge dividend equities or funds like General Electric Co (GE):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

GE Price

General Electric's price per share was $13.09 at 1 PM Thursday, June 17. One year ago its price was $7.24. Thus, price per share grew over 74.5% in the past year as General Electric recovered from Covid and other economic doldrums. 

Should GE's stock trade in the range of $6 to$20.00 this next year, its recent $13.09 price might rise by $1.20 to reach $13.29 by June 18, 2022. My estimate is $0.10 under the median of annual price estimates from the twelve analysts covering General Electric Co.

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Disclaimer:  This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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