12,650 Shares in GE Vernova Inc. $GEV Acquired by Estate Counselors LLC

Key Points

• Estate Counselors LLC acquired 12,650 shares of GE Vernova Inc. for approximately $3.86 million, reflecting growing institutional interest in the company.
• Wall Street analysts have given GE Vernova a consensus rating of Moderate Buy with an average price target of $560.21, indicating positive future expectations.
• GE Vernova recently declared a quarterly dividend of $0.25 per share, with an annualized dividend yield of 0.2%, highlighting its commitment to returning value to shareholders.

Estate Counselors LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,650 shares of the company's stock, valued at approximately $3,862,000.

Several other institutional investors also recently bought and sold shares of GEV. Vanguard Group Inc. increased its stake in GE Vernova by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock worth $7,446,577,000 after purchasing an additional 432,830 shares during the period. Goldman Sachs Group Inc. increased its position in shares of GE Vernova by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company's stock valued at $955,513,000 after acquiring an additional 214,483 shares during the period. Northern Trust Corp raised its stake in shares of GE Vernova by 15.0% during the fourth quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock valued at $865,126,000 after acquiring an additional 343,837 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of GE Vernova by 32,984.2% during the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock valued at $653,769,000 after acquiring an additional 2,135,066 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of GE Vernova by 50.9% during the first quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company's stock worth $619,703,000 after purchasing an additional 684,794 shares during the period.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. UBS Group assumed coverage on GE Vernova in a research report on Monday, July 7th. They issued a "buy" rating and a $614.00 price objective on the stock. TD Cowen boosted their target price on GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Finally, Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and lifted their price target for the company from $427.00 to $517.00 in a report on Thursday, May 29th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $560.21.

GE Vernova Stock Up 0.3%

NYSE GEV opened at $604.8590 on Thursday. The firm has a market capitalization of $164.65 billion, a PE ratio of 145.75, a P/E/G ratio of 4.17 and a beta of 1.90. The stock's 50 day moving average is $571.62 and its 200 day moving average is $437.96. GE Vernova Inc. has a twelve month low of $173.07 and a twelve month high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is 24.10%.

GE Vernova Company Profile

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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