TCW Group Inc. Buys 54,601 Shares of General Electric (NYSE:GE)

TCW Group Inc. grew its position in General Electric (NYSE:GE) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 571,466 shares of the conglomerate’s stock after purchasing an additional 54,601 shares during the quarter. TCW Group Inc. owned approximately 0.05% of General Electric worth $72,999,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in GE. Great Valley Advisor Group Inc. boosted its stake in General Electric by 1.7% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock worth $550,000 after buying an additional 74 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in General Electric by 1.2% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock valued at $814,000 after buying an additional 75 shares during the last quarter. Forte Capital LLC ADV grew its holdings in shares of General Electric by 2.1% during the fourth quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock valued at $519,000 after purchasing an additional 83 shares during the last quarter. Atlas Brown Inc. grew its holdings in General Electric by 1.0% in the 4th quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock worth $1,062,000 after buying an additional 85 shares in the last quarter. Finally, Capital Analysts LLC increased its stake in shares of General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Stock Performance

GE stock traded up $4.45 during trading on Thursday, hitting $165.26. 7,401,583 shares of the company’s stock traded hands, compared to its average volume of 7,619,095. The stock has a market capitalization of $180.90 billion, a price-to-earnings ratio of 53.34, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. General Electric has a 52 week low of $79.76 and a 52 week high of $170.80. The stock has a fifty day moving average price of $162.43 and a two-hundred day moving average price of $143.06. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. As a group, equities analysts anticipate that General Electric will post 3.98 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a $0.28 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, April 12th. General Electric’s payout ratio is 36.72%.

Analyst Ratings Changes

Several research firms have recently weighed in on GE. UBS Group raised their price objective on shares of General Electric from $191.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday. Argus upped their price objective on General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group raised their price objective on General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. raised their target price on shares of General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Finally, StockNews.com started coverage on shares of General Electric in a research note on Monday, April 29th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.00.

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.