Public Employees Retirement Association of Colorado Reduces Holdings in GE Aerospace (NYSE:GE)

Public Employees Retirement Association of Colorado decreased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 4.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 660,013 shares of the company's stock after selling 27,341 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.06% of GE Aerospace worth $110,084,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC lifted its stake in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of GE Aerospace in the fourth quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace in the fourth quarter valued at $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in GE Aerospace during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Up 0.6 %

NYSE GE opened at $198.55 on Friday. The stock's 50-day simple moving average is $194.36 and its two-hundred day simple moving average is $186.67. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $214.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $213.10 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.59 and a beta of 1.04.

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

GE Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.73%. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio (DPR) is currently 22.40%.

Wall Street Analyst Weigh In

GE has been the subject of a number of recent analyst reports. Citigroup reduced their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Northcoast Research raised shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a research note on Wednesday, April 9th. Redburn Atlantic began coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Bank of America boosted their price target on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, 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 research report on Friday, January 24th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus target price 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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