Valicenti Advisory Services Inc. Makes New $222,000 Investment in GE Aerospace $GE

Key Points

• Valicenti Advisory Services Inc. invested approximately $222,000 in GE Aerospace by purchasing 861 shares in the second quarter, highlighting growing institutional interest in the stock.
• GE Aerospace reported a strong quarterly performance with $1.66 EPS, surpassing consensus estimates and showing a 21.2% year-over-year revenue growth to $10.15 billion.
• The company has declared a quarterly dividend of $0.36, with a 0.5% dividend yield and a payout ratio of 20.08%, demonstrating its commitment to returning value to shareholders.

Valicenti Advisory Services Inc. purchased a new position in GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 861 shares of the company's stock, valued at approximately $222,000.

A number of other large investors have also recently made changes to their positions in the stock. IMA Advisory Services Inc. purchased a new stake in GE Aerospace during the 1st quarter valued at about $28,000. Copia Wealth Management raised its stake in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth about $29,000. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace in the first quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in GE Aerospace in the first quarter valued at approximately $33,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

GE opened at $294.97 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The firm has a fifty day moving average price of $277.26 and a 200 day moving average price of $240.46. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The stock has a market cap of $312.80 billion, a P/E ratio of 41.14, a P/E/G ratio of 3.20 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $9.49 billion. During the same quarter last year, the business earned $1.20 earnings per share. The firm's revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GE shares. Wells Fargo & Company raised their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. 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. Citigroup reissued a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $241.92.

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.

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