Quent Capital LLC Acquires 78 Shares of GE Aerospace $GE

Quent Capital LLC grew its holdings in shares of GE Aerospace (NYSE:GE) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,708 shares of the company’s stock after buying an additional 78 shares during the quarter. Quent Capital LLC’s holdings in GE Aerospace were worth $1,727,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace during the 1st quarter worth about $28,000. Copia Wealth Management increased its stake in shares of GE Aerospace by 14,200.0% during the 1st 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 position in shares of GE Aerospace during the 1st quarter worth about $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth about $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth about $33,000. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Jefferies Financial Group boosted their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Royal Bank Of Canada boosted 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. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $241.92.

GE Aerospace Stock Down 0.7%

Shares of GE opened at $297.40 on Friday. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The firm has a market cap of $315.38 billion, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 3.22 and a beta of 1.49. The firm’s 50-day simple moving average is $280.65 and its 200 day simple moving average is $243.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS 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 business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business earned $1.20 EPS. GE Aerospace’s quarterly 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. On average, analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a dividend of $0.36 per share. 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 dividend payout ratio is presently 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.