Avidian Wealth Enterprises LLC Grows Holdings in GE Aerospace $GE

Avidian Wealth Enterprises LLC lifted its position in shares of GE Aerospace (NYSE:GE) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,882 shares of the company’s stock after buying an additional 49 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in GE Aerospace were worth $742,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its stake in shares of GE Aerospace by 9.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 508,277 shares of the company’s stock valued at $130,968,000 after buying an additional 44,632 shares during the period. Journey Advisory Group LLC boosted its holdings in GE Aerospace by 599.6% in the second quarter. Journey Advisory Group LLC now owns 28,347 shares of the company’s stock valued at $7,296,000 after acquiring an additional 24,295 shares during the last quarter. Financial Perspectives Inc grew its position in GE Aerospace by 13.7% during the second quarter. Financial Perspectives Inc now owns 1,764 shares of the company’s stock valued at $454,000 after acquiring an additional 212 shares during the period. First Interstate Bank acquired a new stake in GE Aerospace during the second quarter worth about $210,000. Finally, Drive Wealth Management LLC increased its stake in GE Aerospace by 11.2% during the second quarter. Drive Wealth Management LLC now owns 3,120 shares of the company’s stock worth $803,000 after acquiring an additional 315 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE stock opened at $306.47 on Wednesday. The company has a market cap of $324.99 billion, a P/E ratio of 42.74, a PEG ratio of 3.26 and a beta of 1.49. The business has a 50 day moving average of $287.16 and a two-hundred day moving average of $252.55. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.53. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the prior year, the firm earned $1.15 EPS. The business’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s payout ratio is 20.08%.

Analyst Ratings Changes

GE has been the topic of several research analyst reports. TD Cowen lifted their price objective on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Wells Fargo & Company upped their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein lifted their price target on shares of GE Aerospace from $343.00 to $374.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group boosted their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group raised their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $281.27.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.