Ergawealth Advisors Inc. Purchases New Position in GE Aerospace $GE

Ergawealth Advisors Inc. acquired a new stake in GE Aerospace (NYSE:GE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 887 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also modified their holdings of the company. USAdvisors Wealth Management LLC bought a new stake in shares of GE Aerospace in the 2nd quarter worth $208,000. Silvia Mccoll Wealth Management LLC purchased a new stake in shares of GE Aerospace during the second quarter valued at $205,000. Accel Wealth Management bought a new stake in GE Aerospace in the 2nd quarter worth about $223,000. Oak Hill Wealth Advisors LLC lifted its stake in GE Aerospace by 23.3% during the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 2,226 shares of the company’s stock valued at $550,000 after acquiring an additional 420 shares during the period. Finally, Penobscot Investment Management Company Inc. lifted its stake in GE Aerospace by 5.4% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 8,323 shares of the company’s stock valued at $2,142,000 after acquiring an additional 425 shares during the period. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GE. UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Jefferies Financial Group lifted their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, Citigroup reissued a “buy” rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.92.

GE Aerospace Stock Down 0.7%

GE stock opened at $297.40 on Friday. The business’s 50-day moving average price is $280.65 and its 200-day moving average price is $244.21. The stock has a market cap of $315.38 billion, a P/E ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49. 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 has a twelve month low of $159.36 and a twelve month high of $307.25.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

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.