Pinnacle Wealth Planning Services Inc. Boosts Holdings in GE Aerospace $GE

Pinnacle Wealth Planning Services Inc. boosted its stake in GE Aerospace (NYSE:GE) by 35.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,562 shares of the company’s stock after purchasing an additional 1,454 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in GE Aerospace were worth $1,431,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of GE. IMG Wealth Management Inc. raised its holdings in shares of GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after purchasing an additional 59 shares during the period. IMA Advisory Services Inc. purchased a new stake in GE Aerospace in the first quarter worth $28,000. Nova Wealth Management Inc. bought a new stake in shares of GE Aerospace in the first quarter valued at $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace in the first quarter valued at $30,000. Finally, Financial Network Wealth Advisors LLC lifted its position in shares of GE Aerospace by 81.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 77 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

GE stock opened at $300.29 on Tuesday. The firm has a 50 day moving average of $300.40 and a 200-day moving average of $269.55. The firm has a market capitalization of $316.75 billion, a P/E ratio of 40.09, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last posted its 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 net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same quarter in the prior year, the firm posted $1.15 EPS. GE Aerospace’s 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, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GE. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a report on Wednesday, October 8th. Jefferies Financial Group lifted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company raised their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Company 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.