Trystan Casey
General Electric Company, commonly known as GE, is a publicly traded company on the New York Stock Exchange (NYSE). GE has been a leading innovator since its founding in 1892 by Thomas Edison, under the name Edison General Electric Company. The company has a long history of maintaining dividend payments to shareholders and has expanded its holdings across sectors such as renewable energy, aviation, healthcare, and entertainment. GE's recent focus on aviation operations and its split into three standalone public companies, namely GE Aerospace, GE HealthCare, and GE Vernova, showcase its dynamic approach to adapting to market changes and exploring new growth sectors.
| Characteristics | Values |
|---|---|
| Publicly traded | Yes |
| Ticker symbol | GE |
| Stock exchange | New York Stock Exchange |
| Number of companies | 3 |
| Company names | GE Aerospace, GE HealthCare, GE Vernova |
| Company focus | Aviation, healthcare, energy |
| Annual revenue | $19 billion |
| Number of patients served annually | 1 billion+ |
| Installed base equipment | 4 million+ |
| Trailing-twelve-month revenue | $67.9 billion |
| Net income | $9.5 billion |
| Market capitalization | $166.9 billion |
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What You'll Learn
- General Electric is a publicly traded company on the New York Stock Exchange
- GE's ticker symbol is GEV
- GE Aerospace, GE's legal successor, is a publicly traded company
- GE's top shareholders include Vanguard, Capital Research Global Investors, and BlackRock
- GE's ticker symbol was part of the Dow Jones Industrial Average from 1907 to 2018
General Electric is a publicly traded company on the New York Stock Exchange
General Electric, now known as GE Aerospace, is a publicly traded company on the New York Stock Exchange (NYSE). Founded by Thomas Edison in 1892 as the Edison General Electric Company, it is one of the oldest industrial conglomerates in the US.
General Electric has a long history of innovation, starting with Edison's first commercially viable incandescent lamp. Over the years, the company has expanded its product offerings to include light bulbs, an electric locomotive, X-ray machines, and an electric stove. Today, GE Aerospace designs and manufactures commercial and military aircraft engines, engine components, and electric power and mechanical aircraft systems.
In recent years, General Electric has undergone a significant transformation. In 2021, the company announced its intention to divide itself into three separate public companies, each focusing on a specific sector: aviation, healthcare, and energy. This process was completed in 2024, with the formation of GE Aerospace, GE HealthCare, and GE Vernova. GE Aerospace is the legal successor of the original GE and continues to operate under the ticker symbol "GE".
General Electric has a long history on the New York Stock Exchange. From 1907 to 2018, it was one of the 30 components of the Dow Jones Industrial Average, the longest continuous presence of any company on the index. During this time, it was also the only company that was part of the original Dow Jones Industrial Index created in 1896. In August 2000, the company achieved a market capitalization of $601 billion, becoming the most valuable company in the world.
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GE's ticker symbol is GEV
General Electric Company, doing business as GE Aerospace, is a publicly traded company on the New York Stock Exchange (NYSE). GE stock was one of the 30 components of the Dow Jones Industrial Average from 1907 to 2018, the longest continuous presence of any company on the index.
In 2021, the company announced that it would split into three public companies by 2024: GE Aerospace, GE HealthCare, and GE Vernova. GE Aerospace is the legal successor of the original GE and continues to operate under its original ticker symbol, "GE". GE HealthCare trades under the ticker symbol "GEHC", and GE Vernova, the energy company, trades under the ticker symbol "GEV".
GE Vernova is a global energy company that includes Power, Wind, and Electrification businesses. It is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. GE Vernova has over 80,000 employees across 100+ countries and is headquartered in Cambridge, Massachusetts.
GE Aerospace is a global aerospace leader in propulsion, services, and systems sectors with an installed base of more than 44,000 commercial and over 26,000 military aircraft engines. The company has a global team of 52,000 employees and is focused on designing and manufacturing commercial and military aircraft engines, engine components, and electric power and mechanical aircraft systems.
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$33.84 $39.9
GE Aerospace, GE's legal successor, is a publicly traded company
GE HealthCare was the first to be spun off in January 2023, with GE retaining 10.24% of shares. This was followed by the spin-off of GE's portfolio of energy businesses, which became GE Vernova in April 2024. Following these transactions, GE Aerospace took on the General Electric name and ticker symbol, while the old General Electric ceased to exist as a conglomerate.
GE Aerospace is a global leader in propulsion, services, and systems sectors, with an installed base of more than 44,000 commercial and over 26,000 military aircraft engines. The company operates in two reportable segments: Commercial Engines and Services, and Defense and Propulsion Technologies. The former involves the design, development, manufacture, maintenance, repair, and overhaul (MRO) services of jet engines and the sale of spare parts for commercial airframes, business aviation, and aeroderivative applications. The latter provides the same services for governments, militaries, and commercial airframers, as well as the sale of spare parts and the offer of small turboprop engines, aeroengine mechanical transmissions, and turbines, among other products.
Prior to its split, General Electric was a longtime "dividend aristocrat", having maintained dividend payments to shareholders for 119 years until 2017. In 2000, it was the most valuable company in the world, with a market capitalization of $601 billion. As of February 23, 2024, GE's share price was $153, giving it a market capitalization of $166.9 billion.
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GE's top shareholders include Vanguard, Capital Research Global Investors, and BlackRock
General Electric (GE) is a publicly traded company on the New York Stock Exchange (NYSE). GE stock was one of the 30 components of the Dow Jones Industrial Average from 1907 to 2018, marking the longest continuous presence of any company on the index.
Capital Research Global Investors (CRGI) is the largest institutional shareholder of GE, owning 102 million shares, or 9.4% of the company, according to the 2023 Proxy Statement. CRGI is part of the Capital Group, one of the world's oldest and largest investment management organizations, with over $2.5 trillion in assets under management.
BlackRock, Inc. owns 67.9 million shares of GE, representing 6.2% of total shares outstanding, according to the company's 13F filing. BlackRock is one of the Big Three index fund managers, alongside Vanguard and State Street, and plays a dominant role in retail investing. BlackRock's iShares is the largest provider of exchange-traded funds (ETFs) in the world. The company's total assets exceeded $10 trillion in 2021, and it has exerted influence on corporate boards and leadership.
The largest shareholders in General Electric are asset managers, while the largest individual investors are company insiders, such as executives and directors. The top individual shareholders as of February 23, 2024, were Edward Garden, H. Lawrence Culp, and Russel Stokes.
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GE's ticker symbol was part of the Dow Jones Industrial Average from 1907 to 2018
General Electric Company, doing business as GE Aerospace, is a publicly traded company on the New York Stock Exchange (NYSE). GE stock was one of the 30 components of the Dow Jones Industrial Average from 1907 to 2018, marking the longest continuous presence of any company on the index.
GE's ticker symbol, GE, was a part of the Dow Jones Industrial Average from 1907 to June 26, 2018, when the stock was removed from the index and replaced with Walgreens Boots Alliance. This 111-year period was the longest continuous presence of any company on the index, and during this time, GE was the only company that was part of the original Dow Jones Industrial Index created in 1896.
The company, founded by Thomas Edison in 1892 as Edison General Electric Company, has a long history of innovation and has been a leading player in various industries, including electrical machinery, banking, plastics, computers, and television broadcasting. By 2000, it had become the nation's largest company, with a market capitalization of over $600 billion.
In recent years, GE has undergone significant changes, including spinning off several businesses and focusing more on aviation. In 2021, the company announced its plan to divide itself into three public companies: GE Aerospace, GE HealthCare, and GE Vernova. GE Aerospace, the aerospace company, is the legal successor of the original GE and continues to operate under the ticker symbol GE. GE HealthCare and GE Vernova, the healthcare and energy companies, respectively, have been spun off as separate public companies, with GE holding a small percentage of shares in GE HealthCare.
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Frequently asked questions
Yes, General Electric Company (GE) is a publicly traded company on the New York Stock Exchange (NYSE).
The ticker symbol for GE is GEV.
As of February 23, 2024, General Electric had a market capitalization of $166.9 billion.
Some of the top shareholders of General Electric are Vanguard, Capital Research Global Investors, and BlackRock.
Some of the companies owned by General Electric are GE Aerospace, GE Vernova, and GE Healthcare.
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