14,455 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,455 shares of the company's stock, valued at approximately $4,413,000.

Several other institutional investors and hedge funds have also bought and sold shares of GEV. MRP Capital Investments LLC bought a new position in GE Vernova in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC increased its stake in shares of GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Navigoe LLC bought a new position in shares of GE Vernova in the 4th quarter valued at $27,000. Clarity Asset Management Inc. acquired a new position in shares of GE Vernova during the 4th quarter worth $28,000. Finally, Orion Capital Management LLC bought a new stake in shares of GE Vernova during the 4th quarter worth $30,000.

GE Vernova Trading Up 0.8%

NYSE GEV traded up $4.07 during trading hours on Thursday, hitting $506.74. 2,204,658 shares of the company's stock were exchanged, compared to its average volume of 3,266,450. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $522.97. The stock has a 50-day simple moving average of $436.25 and a 200 day simple moving average of $374.00. The firm has a market cap of $138.30 billion, a price-to-earnings ratio of 135.86, a PEG ratio of 3.90 and a beta of 1.97.

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 the consensus estimate of $0.37 by $0.54. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. GE Vernova's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.47) EPS. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. GE Vernova's dividend payout ratio is currently 14.41%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GEV shares. Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. The Goldman Sachs Group lifted their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Susquehanna reiterated a "positive" rating and set a $499.00 price objective (up from $399.00) on shares of GE Vernova in a research report on Wednesday, May 14th. BMO Capital Markets raised their target price on shares of GE Vernova from $381.00 to $522.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Finally, Bank of America boosted their target price on shares of GE Vernova from $520.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $429.13.

GE Vernova 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.