GE Aerospace $GE Stock Holdings Increased by Mirador Capital Partners LP

Mirador Capital Partners LP grew its stake in shares of GE Aerospace (NYSE:GE) by 110.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,671 shares of the company’s stock after acquiring an additional 1,930 shares during the period. Mirador Capital Partners LP’s holdings in GE Aerospace were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Oak Thistle LLC raised its holdings in GE Aerospace by 5.9% during the 3rd quarter. Oak Thistle LLC now owns 9,423 shares of the company’s stock worth $2,835,000 after buying an additional 528 shares during the period. Old Port Advisors boosted its position in shares of GE Aerospace by 2.4% in the third quarter. Old Port Advisors now owns 5,612 shares of the company’s stock worth $1,688,000 after buying an additional 129 shares during the period. Fragasso Financial Advisors Inc increased its holdings in shares of GE Aerospace by 56.5% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 1,987 shares of the company’s stock valued at $590,000 after purchasing an additional 717 shares during the period. Heartwood Wealth Advisors LLC acquired a new position in GE Aerospace in the 3rd quarter valued at approximately $251,000. Finally, Grove Bank & Trust lifted its position in GE Aerospace by 1.0% in the 3rd quarter. Grove Bank & Trust now owns 3,537 shares of the company’s stock worth $1,064,000 after buying an additional 35 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

GE has been the subject of several recent research reports. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a report on Wednesday, October 8th. BNP Paribas raised GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Stock Performance

NYSE:GE opened at $299.22 on Wednesday. The stock has a market capitalization of $315.62 billion, a P/E ratio of 39.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.40. 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 has a 1 year low of $159.36 and a 1 year high of $316.67. The firm has a 50 day moving average of $299.56 and a 200-day moving average of $279.26.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period last year, the company posted $1.15 earnings per share. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is 19.23%.

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.