NGAM Advisors LP Has $23.89 Million Stake in General Electric Company (GE)

Lloyd Doyle
October 19, 2017

It closed at $42.65 lastly. It is down 28.79% since October 19, 2016 and is uptrending. It has outperformed by 46.63% the S&P500. General Electric now has $202.99 billion valuation. The stock rose 0.02% or $0.01 reaching $45.19. About 2,926 shares traded. It has underperformed by 4.60% the S&P500. Intact Investment Management holds 84,400 shares or 0.1% of its portfolio. Narwhal Capital holds 1.86% or 266,242 shares. Suntrust Banks Inc.'s holdings in Portland General Electric were worth $548,000 at the end of the most recent quarter. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Therefore 100% are positive. Revance Therapeutics had 10 analyst reports since August 22, 2015 according to SRatingsIntel. The firm has "Hold" rating by Zacks given on Wednesday, August 12. New York State Teachers Retirement Systems, New York-based fund reported 7,800 shares. On Friday, August 18 the stock rating was maintained by Roth Capital with "Buy". The stock has "Overweight" rating by Piper Jaffray on Monday, October 24. The rating was initiated by Citigroup with "Buy" on Thursday, January 21. The company was maintained on Friday, July 7 by Stifel Nicolaus.

Investors sentiment decreased to 0.79 in Q2 2017. Its up 0.10, from 1.28 in 2017Q1.

Several other large investors also recently modified their holdings of GE. Apriem has 0.19% invested in Apollo Global Management LLC (NYSE:APO) for 27,725 shares. Great West Life Assurance Can invested in 0% or 2,553 shares. Cedar Hill Associates holds 396,999 shares. Waddell And Reed Finance Inc accumulated 223,900 shares. The shares were bought at an average price of $25.54 per share, for a total transaction of $47,121.30. Violich Cap Mgmt Inc reported 0.13% stake. 59,509 are held by Tiaa Cref Investment Management Limited Com. Huntington Comml Bank accumulated 236 shares. Nationwide Fund reported 253,983 shares. The stock of Portland General Electric Company (NYSE:POR) earned "Hold" rating by KeyBanc Capital Markets on Thursday, October 12. After $0.28 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 78.57% EPS growth. The expected GE's profit could reach $4.33 billion giving the stock 11.56 P/E in the case that $0.50 earnings per share is reported. The conglomerate reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. It also reduced its holding in Mc Donalds Corp (NYSE:MCD) by 4,581 shares in the quarter, leaving it with 95,567 shares, and cut its stake in Symantec Corp (NASDAQ:SYMC). (NYSE:IPHI) stake by 15,763 shares and now owns 48,692 shares. Ishares Tr (OEF) was raised too.

General Electric (NYSE:GE) last released its earnings results on Friday, July 21st. During the same period previous year, the company earned $0.51 earnings per share. The stock has a market cap of $4.02 billion, a P/E ratio of 20.17 and a beta of 0.28.


Investors sentiment increased to 1.38 in Q2 2017. Its up 0.10, from 1.28 in 2017Q1. Northside Cap Mgmt Limited Liability Corporation has invested 0.47% of its portfolio in General Electric Company (NYSE:GE). 15 funds opened positions while 43 raised stakes. Boston Partners now owns 14,228,611 shares of the conglomerate's stock worth $384,315,000 after purchasing an additional 14,050,581 shares during the period. Sumitomo Life Insurance Co. increased its holdings in General Electric by 4.4% in the 2nd quarter. Archford Capital Strategies Llc owns 52 shares. Confluence Wealth Limited Liability Company holds 0.17% or 11,584 shares in its portfolio. Miller Howard Invs reported 34,982 shares. Mufg Americas Hldg has invested 0% in Portland General Electric Company (NYSE:POR). Clarivest Asset Management Lc invested 0.04% of its portfolio in Portland General Electric Company (NYSE:POR). Founders Cap Management owns 18,304 shares or 0.25% of their USA portfolio.

Banque Pictet & Cie Sa increased Spdr Series Trust (XRT) stake by 13,630 shares to 119,740 valued at $4.88 million in 2017Q2. Proshare Advisors Ltd Limited Liability Company owns 163,872 shares. Schulhoff holds 1.93% or 116,943 shares in its portfolio. Therefore 19% are positive. BidaskClub lowered General Electric from a "sell" rating to a "strong sell" rating in a research report on Wednesday, June 28th. S&P Research maintained General Electric Company (NYSE:GE) rating on Monday, August 17. The firm has "Overweight" rating by Barclays Capital given on Monday, October 5. The rating was downgraded by Goldman Sachs on Tuesday, July 28 to "Neutral". The stock of General Electric Company (NYSE:GE) has "Outperform" rating given on Monday, November 23 by Credit Suisse. The stock of General Electric Company (NYSE:GE) has "Equal-Weight" rating given on Thursday, October 6 by Morgan Stanley. Baxter Bros has invested 2.97% in General Electric Company (NYSE:GE). The company was downgraded on Wednesday, July 22 by Piper Jaffray. The rating was maintained by Morgan Stanley with "Equal-Weight" on Tuesday, July 25.

Since May 15, 2017, it had 3 buys, and 0 insider sales for $3.37 million activity.

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