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

Interchange Capital Partners LLC boosted its position in shares of General Electric (NYSE:GE) by 10.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,969 shares of the conglomerate’s stock after buying an additional 179 shares during the quarter. Interchange Capital Partners LLC’s holdings in General Electric were worth $328,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Congress Wealth Management LLC DE raised its position in shares of General Electric by 7.2% during the fourth quarter. Congress Wealth Management LLC DE now owns 8,826 shares of the conglomerate’s stock worth $1,472,000 after acquiring an additional 591 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in General Electric in the fourth quarter worth about $96,000. Vanguard Group Inc. raised its holdings in General Electric by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the conglomerate’s stock worth $14,980,297,000 after purchasing an additional 410,172 shares during the last quarter. Napatree Capital LLC raised its holdings in General Electric by 4.2% during the 4th quarter. Napatree Capital LLC now owns 2,003 shares of the conglomerate’s stock worth $334,000 after purchasing an additional 80 shares during the last quarter. Finally, Stevens Capital Management LP boosted its stake in shares of General Electric by 53.2% in the 4th quarter. Stevens Capital Management LP now owns 4,162 shares of the conglomerate’s stock valued at $694,000 after purchasing an additional 1,446 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GE. Citigroup boosted their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company upped their target price on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Bank of America lifted their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, UBS Group increased their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Stock Performance

Shares of GE opened at $210.56 on Tuesday. The firm has a market cap of $225.99 billion, a P/E ratio of 35.15, a PEG ratio of 2.59 and a beta of 1.19. General Electric has a twelve month low of $133.99 and a twelve month high of $212.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm’s 50 day moving average price is $199.41 and its two-hundred day moving average price is $185.47.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is currently 24.04%.

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.