1,034 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,034 shares of the company's stock, valued at approximately $316,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kovack Advisors Inc. raised its position in GE Vernova by 1.0% during the fourth quarter. Kovack Advisors Inc. now owns 3,167 shares of the company's stock worth $1,042,000 after acquiring an additional 31 shares in the last quarter. Fulcrum Equity Management raised its holdings in shares of GE Vernova by 3.6% in the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company's stock valued at $291,000 after purchasing an additional 31 shares during the period. Rothschild Investment LLC raised its holdings in shares of GE Vernova by 1.7% in the 1st quarter. Rothschild Investment LLC now owns 1,965 shares of the company's stock valued at $600,000 after purchasing an additional 33 shares during the period. Johnson & White Wealth Management LLC lifted its stake in GE Vernova by 3.7% in the 1st quarter. Johnson & White Wealth Management LLC now owns 929 shares of the company's stock valued at $284,000 after purchasing an additional 33 shares during the last quarter. Finally, NewSquare Capital LLC grew its holdings in GE Vernova by 32.4% during the fourth quarter. NewSquare Capital LLC now owns 139 shares of the company's stock worth $46,000 after purchasing an additional 34 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group cut GE Vernova from a "buy" rating to a "hold" rating and increased their price target for the company from $427.00 to $517.00 in a research note on Thursday, May 29th. Royal Bank Of Canada decreased their price objective on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. TD Cowen cut their target price on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Morgan Stanley reiterated an "overweight" rating and issued a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Finally, BMO Capital Markets increased their price target on shares of GE Vernova from $381.00 to $522.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Eight investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $404.56.

GE Vernova Price Performance

GEV stock opened at $490.12 on Thursday. The stock has a market cap of $133.77 billion, a price-to-earnings ratio of 70.62, a P/E/G ratio of 3.79 and a beta of 1.97. The company has a 50 day simple moving average of $418.66 and a 200 day simple moving average of $368.60. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $500.72.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the prior year, the business earned ($0.47) earnings per share. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.20%. GE Vernova's dividend payout ratio is presently 14.41%.

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.

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