Generali Asset Management SPA SGR Makes New Investment in General Electric (NYSE:GE)

Generali Asset Management SPA SGR purchased a new position in shares of General Electric (NYSE:GE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 42,482 shares of the conglomerate’s stock, valued at approximately $7,086,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of General Electric by 14.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,013 shares of the conglomerate’s stock valued at $757,000 after buying an additional 513 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of General Electric by 34.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 76,795 shares of the conglomerate’s stock valued at $14,483,000 after buying an additional 19,766 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of General Electric by 126.0% in the 3rd quarter. Quest Partners LLC now owns 5,156 shares of the conglomerate’s stock valued at $972,000 after buying an additional 2,875 shares in the last quarter. OneAscent Financial Services LLC acquired a new position in shares of General Electric in the 3rd quarter valued at $625,000. Finally, Prospera Financial Services Inc boosted its holdings in shares of General Electric by 10.4% in the 3rd quarter. Prospera Financial Services Inc now owns 27,571 shares of the conglomerate’s stock valued at $5,201,000 after buying an additional 2,605 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Down 0.6 %

Shares of General Electric stock opened at $200.74 on Wednesday. The company has a market cap of $215.45 billion, a P/E ratio of 33.51, a PEG ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a one year low of $133.99 and a one year high of $212.19. The firm has a fifty day moving average of $196.70 and a two-hundred day moving average of $184.38.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts forecast that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is currently 24.04%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GE shares. Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Redburn Atlantic initiated coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Profile

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.