Venture Visionary Partners LLC Grows Stake in GE Aerospace $GE

Key Points

• Venture Visionary Partners LLC increased its stake in GE Aerospace by 47.1% during Q2, holding 8,305 shares valued at approximately $2.14 million.
• GE Aerospace reported a 21.2% year-over-year revenue increase in its latest earnings, reaching $10.15 billion, with an EPS of $1.66, exceeding estimates.
• The company announced a quarterly dividend of $0.36, with an annualized yield of 0.5%, payable on October 27th.

Venture Visionary Partners LLC lifted its position in GE Aerospace (NYSE:GE - Free Report) by 47.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,305 shares of the company's stock after buying an additional 2,661 shares during the period. Venture Visionary Partners LLC's holdings in GE Aerospace were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of GE. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace in the 1st quarter worth $28,000. Copia Wealth Management boosted its stake in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after buying an additional 142 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace in the 1st quarter worth $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace in the 1st quarter worth $30,000. Finally, First Pacific Financial boosted its stake in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after buying an additional 52 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

NYSE:GE opened at $293.57 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market cap of $311.31 billion, a PE ratio of 40.94, a P/E/G ratio of 3.17 and a beta of 1.48. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The business's 50-day simple moving average is $277.88 and its two-hundred day simple moving average is $241.79.

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 company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous 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, analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be 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 is Monday, September 29th. GE Aerospace's payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research reports. UBS Group raised their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Royal Bank Of Canada lifted their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, Barclays lifted their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $241.92.

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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