Avidian Wealth Enterprises LLC Has $742,000 Stake in GE Aerospace $GE

Avidian Wealth Enterprises LLC raised its position in shares of GE Aerospace (NYSE:GE) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,882 shares of the company’s stock after purchasing 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 hedge funds also recently modified their holdings of GE. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the first quarter valued at $28,000. Nova Wealth Management Inc. purchased a new position in GE Aerospace during the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace during the 1st quarter valued at about $30,000. First Pacific Financial increased its holdings in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares during the period. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of GE Aerospace in the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $306.47 on Wednesday. The company has a market cap of $324.99 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 3.26 and a beta of 1.49. The business has a 50 day moving average price of $287.16 and a 200 day moving average price of $252.55. 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 $316.53.

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

GE Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

GE has been the subject of several research reports. Jefferies Financial Group raised their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Wolfe Research raised their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Barclays boosted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $281.27.

GE Aerospace Profile

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.