Stoneridge Investment Partners LLC Has $8.06 Million Holdings in General Electric (GE)

Stoneridge Investment Partners LLC raised its stake in General Electric (NYSE:GE) by 50.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,689 shares of the conglomerate’s stock after acquiring an additional 154,318 shares during the period. General Electric makes up about 1.3% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 22nd biggest holding. Stoneridge Investment Partners LLC’s holdings in General Electric were worth $8,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in GE. Ironwood Investment Counsel LLC increased its stake in shares of General Electric by 32.5% in the 4th quarter. Ironwood Investment Counsel LLC now owns 471,847 shares of the conglomerate’s stock valued at $8,233,000 after purchasing an additional 115,732 shares during the last quarter. TrueNorth Inc. increased its stake in shares of General Electric by 142.1% in the 4th quarter. TrueNorth Inc. now owns 109,658 shares of the conglomerate’s stock valued at $1,914,000 after purchasing an additional 64,369 shares during the last quarter. Main Street Research LLC increased its stake in shares of General Electric by 64.1% in the 4th quarter. Main Street Research LLC now owns 21,398 shares of the conglomerate’s stock valued at $373,000 after purchasing an additional 8,361 shares during the last quarter. Barber Financial Group Inc. bought a new position in shares of General Electric in the 4th quarter valued at $196,000. Finally, Truepoint Inc. increased its stake in shares of General Electric by 14.9% in the 4th quarter. Truepoint Inc. now owns 51,627 shares of the conglomerate’s stock valued at $901,000 after purchasing an additional 6,686 shares during the last quarter. 55.96% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on GE shares. JPMorgan Chase reiterated a “sell” rating and issued a price target on shares of General Electric in a research note on Monday, January 15th. Citigroup set a $23.00 price target on General Electric and gave the company a “buy” rating in a research note on Monday, February 26th. Morningstar set a $23.50 price target on General Electric and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Vetr upgraded General Electric from a “buy” rating to a “strong-buy” rating and set a $22.05 price objective on the stock in a research report on Monday, January 15th. Finally, Gabelli started coverage on General Electric in a research report on Monday. They set a “buy” rating and a $22.50 price objective on the stock. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. General Electric has a consensus rating of “Hold” and a consensus target price of $17.92.

Shares of General Electric opened at $14.71 on Tuesday, according to MarketBeat.com. The stock has a market cap of $126.77 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 2.81 and a beta of 1.02. General Electric has a 12 month low of $14.65 and a 12 month high of $14.79. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.48 and a current ratio of 1.76.

General Electric (NYSE:GE) last announced its earnings results on Friday, April 20th. The conglomerate reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The firm had revenue of $28.66 billion for the quarter, compared to the consensus estimate of $27.26 billion. General Electric had a positive return on equity of 11.22% and a negative net margin of 6.16%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. equities research analysts forecast that General Electric will post 0.98 EPS for the current year.

In other General Electric news, major shareholder Electric Co General sold 3,883,000 shares of General Electric stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $15.00, for a total transaction of $58,245,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.12% of the stock is currently owned by insiders.

General Electric Company Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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