Blue Bell Private Wealth Management LLC Purchases Shares of 653 GE Vernova Inc. (NYSE:GEV)

Blue Bell Private Wealth Management LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 653 shares of the company's stock, valued at approximately $199,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its position in GE Vernova by 11.5% in the first quarter. Lindbrook Capital LLC now owns 1,972 shares of the company's stock worth $602,000 after acquiring an additional 204 shares in the last quarter. Souders Financial Advisors raised its stake in shares of GE Vernova by 19.4% in the 1st quarter. Souders Financial Advisors now owns 1,206 shares of the company's stock valued at $368,000 after buying an additional 196 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of GE Vernova by 167.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 12,483 shares of the company's stock valued at $3,811,000 after buying an additional 7,816 shares in the last quarter. IFP Advisors Inc raised its stake in shares of GE Vernova by 5.8% in the 1st quarter. IFP Advisors Inc now owns 5,116 shares of the company's stock valued at $1,562,000 after buying an additional 281 shares in the last quarter. Finally, Morse Asset Management Inc grew its holdings in shares of GE Vernova by 50.5% in the 1st quarter. Morse Asset Management Inc now owns 2,197 shares of the company's stock worth $671,000 after purchasing an additional 737 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GEV shares. Susquehanna reaffirmed a "positive" rating and issued a $499.00 target price (up previously from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Truist Financial set a $440.00 target price on shares of GE Vernova in a research note on Thursday, March 27th. Citigroup reiterated a "neutral" rating and issued a $544.00 price target (up from $354.00) on shares of GE Vernova in a research report on Monday, July 14th. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. Finally, Morgan Stanley upped their price target on shares of GE Vernova from $422.00 to $511.00 and gave the company an "overweight" rating in a report on Tuesday, June 24th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and an average target price of $468.88.

GE Vernova Trading Down 1.6%

Shares of GE Vernova stock traded down $8.91 on Monday, reaching $565.69. The stock had a trading volume of 2,144,921 shares, compared to its average volume of 3,294,825. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $589.44. The business's 50 day moving average is $493.30 and its two-hundred day moving average is $398.31. The company has a market cap of $154.39 billion, a P/E ratio of 81.51, a price-to-earnings-growth ratio of 4.33 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data 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 return on equity of 10.10% and a net margin of 5.42%. The business had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the prior year, the firm earned ($0.47) EPS. The company's revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is 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.