Coldstream Capital Management Inc. Has $3.69 Million Stock Holdings in GE Aerospace (NYSE:GE)

Coldstream Capital Management Inc. lifted its stake in GE Aerospace (NYSE:GE - Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,109 shares of the company's stock after purchasing an additional 1,529 shares during the quarter. Coldstream Capital Management Inc.'s holdings in GE Aerospace were worth $3,687,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. New Age Alpha Advisors LLC lifted its holdings in shares of GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in GE Aerospace during the fourth quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in GE Aerospace in the 4th quarter worth about $28,000. Sugar Maple Asset Management LLC acquired a new stake in GE Aerospace during the 4th quarter worth about $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in GE Aerospace during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $198.55 on Friday. The business's 50-day simple moving average is $194.36 and its 200-day simple moving average is $186.67. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $214.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market cap of $213.10 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. As a group, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were given a $0.36 dividend. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is currently 22.40%.

Analyst Ratings Changes

A number of analysts have recently issued reports on GE shares. Wells Fargo & Company increased their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. UBS Group boosted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Redburn Atlantic started coverage on GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $216.92.

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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