TCW Group Inc. Has $189.36 Million Stake in General Electric (NYSE:GE)

TCW Group Inc. grew its position in General Electric (NYSE:GE) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,135,325 shares of the conglomerate’s stock after purchasing an additional 140,801 shares during the quarter. General Electric comprises approximately 1.6% of TCW Group Inc.’s investment portfolio, making the stock its 11th biggest position. TCW Group Inc. owned about 0.10% of General Electric worth $189,361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. grew its position in General Electric by 69.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,357 shares of the conglomerate’s stock worth $822,000 after buying an additional 1,790 shares in the last quarter. Assenagon Asset Management S.A. grew its position in General Electric by 0.7% during the third quarter. Assenagon Asset Management S.A. now owns 30,671 shares of the conglomerate’s stock worth $5,784,000 after buying an additional 209 shares in the last quarter. Global Trust Asset Management LLC grew its position in General Electric by 22.0% during the third quarter. Global Trust Asset Management LLC now owns 776 shares of the conglomerate’s stock worth $146,000 after buying an additional 140 shares in the last quarter. Dakota Wealth Management grew its position in General Electric by 21.8% during the third quarter. Dakota Wealth Management now owns 8,086 shares of the conglomerate’s stock worth $1,525,000 after buying an additional 1,449 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its position in General Electric by 16.7% during the third quarter. Silver Oak Securities Incorporated now owns 4,924 shares of the conglomerate’s stock worth $885,000 after buying an additional 706 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GE. Redburn Atlantic began coverage on General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Wells Fargo & Company increased their price target on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Stock Down 4.2 %

Shares of GE opened at $199.90 on Friday. General Electric has a 52 week low of $119.88 and a 52 week high of $212.19. The stock has a market capitalization of $214.55 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.59 and a beta of 1.22. 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 stock has a fifty day moving average of $186.57 and a 200-day moving average of $180.85.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 yield of 0.72%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is presently 18.70%.

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.