731 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Alteri Wealth LLC

Alteri Wealth LLC bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 731 shares of the company's stock, valued at approximately $240,000.

Other institutional investors have also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new position in GE Vernova in the 4th quarter valued at approximately $206,000. GPS Wealth Strategies Group LLC boosted its stake in GE Vernova by 1,126.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock worth $294,000 after buying an additional 822 shares in the last quarter. Yarbrough Capital LLC increased its holdings in GE Vernova by 67.2% in the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after buying an additional 1,160 shares during the period. Legacy Bridge LLC raised its stake in shares of GE Vernova by 77.0% in the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after buying an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in shares of GE Vernova by 16.6% during the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock worth $3,247,000 after acquiring an additional 1,408 shares during the period.

GE Vernova Trading Up 1.4 %

Shares of GEV stock traded up $5.71 during trading hours on Wednesday, hitting $406.94. 2,488,560 shares of the company were exchanged, compared to its average volume of 3,322,817. The firm has a fifty day simple moving average of $327.04 and a 200 day simple moving average of $338.96. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $447.50. The stock has a market capitalization of $111.07 billion and a price-to-earnings ratio of 73.19.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the business earned ($0.47) EPS. GE Vernova's revenue was up 10.6% compared to the same quarter last year. Sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GEV shares. Susquehanna upped their target price on shares of GE Vernova from $370.00 to $399.00 and gave the stock a "positive" rating in a report on Thursday, April 24th. CICC Research began coverage on shares of GE Vernova in a research note on Wednesday, February 19th. They set an "outperform" rating on the stock. The Goldman Sachs Group lifted their target price on shares of GE Vernova from $446.00 to $500.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Baird R W upgraded GE Vernova to a "strong-buy" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a research report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $369.22.

About GE Vernova

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.