Jasonfang/E+ via Getty Images Portland General Electric Company (NYSE:POR), otherwise known as PGE, is a regulated electric utility that generates, transmits, and distributes electricity to more than 900,000 customers in Oregon. Around half of Oregon's population and around two-thirds of the state's commercial and industrial activity occurs in the utility's service area. Although its dividend per share has increased steadily, PGE's latest yearly earnings per share is lower than its previous highs. In te ...

Typically, GE Aerospace (GE) , formerly General Electric is a sound investment due to its innovative aviation solutions among other integrated businesses. Similarly, General Mills' (GIS)  stock tends to be a solid investment option as one of the renowned global consumer food manufacturers.This year GE Aerospace’s stock has soared +23% with General Mills’ shares up a respectable +8%. With that being said, let's see if it's time for investors to buy stock in these iconic companies for more upside.Image Source ...

A (sort of) new stock gets a new look from a market professional.GE Aerospace (GE -0.18%) is the legacy business of the former General Electric, which recently completed its separation into three distinct businesses. In adjusting his take on the company now that it has "Aerospace," attached to its name, one pundit following the stock reduced his price target. He still feels the shares have plenty of room to move higher, though.General Electric slims down into GE AerospaceThe analyst behind the adjustment is ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Freed from its baggage, this aerospace stock is positioned to soar.As the dust settles on the breakup of the industrial conglomerate known as General Electric, markets are still trying to figure out how to price the different parts of the business. Shares of GE Aerospace (GE 4.23%) traded up 5% as of 10:30 ET on Friday as investors took a fresh look at the potential of the aircraft-focused part of the business.A powerful force unleashedAmid all the issues experienced by General Electric over the last decade ...

The new company's growth is just getting started.GE Aerospace (GE 1.22%) stock has performed exceptionally well since becoming a separate company. A Barclays analyst recently set a $175 price target and an "overweight" rating on the stock, indicating a nearly 19% upside over the next 12 months.The bullish case for GE AerospaceThe analyst is optimistic about GE Aerospace's long-term profit growth and cash generation potential. The aircraft engine business model involves initially selling engines at a loss, f ...

Banners of the newly-formed and independent General Electric (GE) companies are displayed in front ... [+] of the New York Stock Exchange (NYSE) on April 2, 2024. (Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY/AFP via Getty Images)AFP via Getty ImagesGeneral Electric GE (NYSE: GE) completed the spin-off of its power and renewables energy businesses on April 2. The spinoff company – GE Vernova – is now the new standalone energy company, while GE Aerospace will be focused on the company’s aviati ...

Core Viewpoint - General Electric (GE) has undergone significant transformation under CEO Larry Culp, focusing on Aerospace and Defense markets after divesting non-core segments, with a price target of $164 for YE24 based on a peer-derived multiple [2][33]. Company Overview - GE Aerospace, post spin-off of GE Vernova, specializes in commercial and defense aircraft engines, with total FY23 sales of $32 billion, making it the largest engine OEM [4]. - The Commercial Engines and Services segment generated $23.7 billion in FY23, accounting for approximately 72% of group revenues, and is transitioning to next-generation engines like CFM LEAP and GEnx [4][9]. - The Defense & Propulsion Technologies division contributed $9 billion, or about 28% of group revenues in FY23 [4]. Key Investment Thesis - Culp's leadership has significantly reduced GE's debt from approximately $130 billion in 2017 to around $21 billion by YE23, an 85% reduction [6]. - The successful spin-off of GE Healthcare and Vernova has streamlined GE's operations, allowing for a more focused and efficient organizational structure [5][7]. - GE's free cash flow (FCF) improved from negative to $6.6 billion in 2021 and 2022, enabling further debt reduction and operational investments [6]. Financial Performance and Projections - GE is projected to achieve total revenues of $36.6 billion in FY24, with operating profit estimates between $6.25 billion and $6.5 billion [30]. - FCF is expected to grow from $5 billion in FY24 to $7.5 billion by FY28, with a return of over 100% of excess FCF to shareholders [29][30]. - The company anticipates a starting dividend of $1.15 per share for a yield of 0.8% at current share prices, with plans for significant share buybacks [28]. Market Position and Competitive Advantage - GE holds a dominant market share of approximately 55% in the commercial engine market, significantly outperforming competitors [9]. - The company benefits from a robust aftermarket service model, with around 66% of revenues derived from MRO and spare parts, compared to an industry average of 57% [14]. - The long product lifecycle of engines allows GE to generate stable earnings over decades, with profitability expected to ramp up as new engines mature [10][16]. Industry Outlook - The aerospace industry is experiencing a strong rebound post-COVID, with global revenue passenger kilometers exceeding pre-COVID levels in Q2 2023 [26]. - GE expects continued growth in CFM-powered fleet departures, driven by rising passenger demand and a favorable industry backdrop [26]. - The company is well-positioned to capitalize on the growing demand for next-generation engines, with significant orders for the LEAP engine expected to drive future revenues [22][25].

GE Aerospace (GE) emerged as a separate public company, following the spin-off of GE Vernova business from General Electric. This marks the completion of General Electric’s multi-year portfolio restructuring actions, separating into three stand-alone publicly traded companies.Following the spin-off, General Electric started to operate as an aviation-focused company (now GE Aerospace), while GE Vernova specializes in energy transition solutions. The newly independent entities, GE Aerospace and GE Vernova, be ...

The aerospace and defense company received some positive updates from Wall Street analysts today.GE Aerospace's (GE 6.49%) shares were up by 6% at 11:30 a.m. ET today. The company, formerly General Electric, rose after a few updates from heavyweight financial firms.GE Aerospace analyst updatesWall Street analysts will likely be busy with GE Aerospace, as it's no longer part of a multi-industry industrial company but now a stand-alone aerospace and defense company. That often means aerospace analysts will co ...