Securian Asset Management Inc. Has $14.35 Million Stock Position in GE Aerospace $GE

Securian Asset Management Inc. lowered its stake in GE Aerospace (NYSE:GE) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 55,754 shares of the company’s stock after selling 1,100 shares during the period. Securian Asset Management Inc.’s holdings in GE Aerospace were worth $14,351,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GE. Brighton Jones LLC increased its position in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC increased its position in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after acquiring an additional 150 shares during the period. GAMMA Investing LLC increased its holdings in GE Aerospace by 18.5% in the 1st quarter. GAMMA Investing LLC now owns 25,311 shares of the company’s stock valued at $5,066,000 after buying an additional 3,946 shares during the period. Advisor Resource Council bought a new position in GE Aerospace in the 1st quarter valued at about $549,000. Finally, Nilsine Partners LLC increased its holdings in GE Aerospace by 6.6% in the 1st quarter. Nilsine Partners LLC now owns 1,515 shares of the company’s stock valued at $303,000 after buying an additional 94 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace Trading Up 1.0%

GE opened at $303.15 on Tuesday. The company’s 50 day moving average is $286.62 and its 200-day moving average is $252.17. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $307.25. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market cap of $321.48 billion, a P/E ratio of 42.28, a PEG ratio of 3.23 and a beta of 1.49.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid 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 dividend payout ratio (DPR) is presently 20.08%.

Analyst Upgrades and Downgrades

Several research firms have commented on GE. Barclays raised their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Wells Fargo & Company raised their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday. Finally, The Goldman Sachs Group raised their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $276.31.

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.