Natixis Advisors LLC Has $135.90 Million Stake in GE Aerospace (NYSE:GE)

Key Points

• Natixis Advisors LLC has reduced its holdings in GE Aerospace by 3.5%, selling 24,987 shares to hold a total of 678,967 shares, which represent 0.06% of the company, valued at $135.9 million.
• GE Aerospace reported a 21.2% increase in quarterly revenue year-over-year, achieving $10.15 billion and an earnings per share (EPS) of $1.66, exceeding forecasts by $0.23.
• The company declared a quarterly dividend of $0.36, resulting in an annualized dividend yield of 0.53% with a payout ratio of 20.08%.

Natixis Advisors LLC trimmed its position in GE Aerospace (NYSE:GE - Free Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 678,967 shares of the company's stock after selling 24,987 shares during the period. Natixis Advisors LLC owned approximately 0.06% of GE Aerospace worth $135,895,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GE. Ritter Daniher Financial Advisory LLC DE raised its position in GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after acquiring an additional 50 shares in the last quarter. Hudock Inc. raised its stake in 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 buying an additional 50 shares during the period. First Pacific Financial raised its stake in 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 buying an additional 52 shares during the period. First Heartland Consultants Inc. raised its stake in GE Aerospace by 1.2% in the fourth quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock valued at $789,000 after buying an additional 54 shares during the period. Finally, Motco raised its stake in GE Aerospace by 18.5% in the first quarter. Motco now owns 353 shares of the company's stock valued at $71,000 after buying an additional 55 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Price Performance

Shares of GE stock traded up $2.88 during trading hours on Wednesday, reaching $273.19. The company's stock had a trading volume of 4,688,408 shares, compared to its average volume of 6,342,148. The firm's 50 day simple moving average is $250.58 and its 200-day simple moving average is $217.05. The company has a market capitalization of $289.70 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 2.91 and a beta of 1.37. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $273.80. 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 (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the company posted $1.20 EPS. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. Sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.53%. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

Analysts Set New Price Targets

GE has been the topic of several research analyst reports. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $232.92.

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.