Interchange Capital Partners LLC Has $328,000 Stake in General Electric (NYSE:GE)

Interchange Capital Partners LLC increased its stake in General Electric (NYSE:GE) by 10.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,969 shares of the conglomerate’s stock after purchasing an additional 179 shares during the quarter. Interchange Capital Partners LLC’s holdings in General Electric were worth $328,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Congress Wealth Management LLC DE boosted its holdings in General Electric by 7.2% during the fourth quarter. Congress Wealth Management LLC DE now owns 8,826 shares of the conglomerate’s stock valued at $1,472,000 after acquiring an additional 591 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of General Electric during the 4th quarter worth about $96,000. Vanguard Group Inc. boosted its stake in General Electric by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the conglomerate’s stock valued at $14,980,297,000 after purchasing an additional 410,172 shares during the period. Napatree Capital LLC grew its holdings in General Electric by 4.2% in the 4th quarter. Napatree Capital LLC now owns 2,003 shares of the conglomerate’s stock valued at $334,000 after buying an additional 80 shares during the last quarter. Finally, Stevens Capital Management LP increased its position in General Electric by 53.2% in the 4th quarter. Stevens Capital Management LP now owns 4,162 shares of the conglomerate’s stock worth $694,000 after buying an additional 1,446 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 3.1 %

Shares of General Electric stock opened at $210.56 on Tuesday. The stock has a market capitalization of $225.99 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a 12-month low of $133.99 and a 12-month high of $212.19. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a 50-day simple moving average of $199.41 and a 200 day simple moving average of $185.47.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Monday, March 10th. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is presently 24.04%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Northcoast Research initiated coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Citigroup lifted their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

About General Electric

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.