Advisors Capital Management LLC Has $6.11 Million Holdings in GE Aerospace $GE

Key Points

• Advisors Capital Management LLC increased its holdings in GE Aerospace by 49.8%, now owning 30,521 shares valued at approximately $6.11 million.
• Several analysts have raised their price targets for GE Aerospace, with UBS Group setting a target of $321.00, reflecting a bullish sentiment following recent earnings.
• GE Aerospace reported earnings of $1.66 EPS for the last quarter, surpassing analysts' expectations and showcasing a revenue increase of 21.2% year-over-year.

Advisors Capital Management LLC lifted its holdings in GE Aerospace (NYSE:GE - Free Report) by 49.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,521 shares of the company's stock after acquiring an additional 10,145 shares during the period. Advisors Capital Management LLC's holdings in GE Aerospace were worth $6,109,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Truvestments Capital LLC grew its stake in shares of GE Aerospace by 19.5% in the first quarter. Truvestments Capital LLC now owns 282 shares of the company's stock valued at $56,000 after acquiring an additional 46 shares in the last quarter. Sfmg LLC grew its stake in shares of GE Aerospace by 2.4% in the first quarter. Sfmg LLC now owns 2,088 shares of the company's stock valued at $418,000 after acquiring an additional 48 shares in the last quarter. SGL Investment Advisors Inc. grew its stake in shares of GE Aerospace by 3.6% in the first quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock valued at $303,000 after acquiring an additional 49 shares in the last quarter. Hudock Inc. grew its stake in shares of GE Aerospace by 1.8% in the first quarter. Hudock Inc. now owns 2,905 shares of the company's stock valued at $582,000 after acquiring an additional 50 shares in the last quarter. Finally, First Pacific Financial grew its stake in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on GE shares. UBS Group upped their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, Barclays increased their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Stock Down 0.6%

GE stock opened at $281.75 on Friday. The stock has a market capitalization of $298.78 billion, a P/E ratio of 39.30, a price-to-earnings-growth ratio of 3.05 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $286.91. The firm has a 50-day moving average price of $268.63 and a 200-day moving average price of $233.13.

GE Aerospace (NYSE:GE - Get Free Report) last posted 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 firm had revenue of $10.15 billion during 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 business's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is 20.08%.

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.

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