724 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Smith Shellnut Wilson LLC ADV

Smith Shellnut Wilson LLC ADV bought a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 724 shares of the company's stock, valued at approximately $238,000.

A number of other large investors also recently added to or reduced their stakes in the business. MRP Capital Investments LLC purchased a new position in shares of GE Vernova in the fourth quarter valued at about $25,000. Fairway Wealth LLC increased its position in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the period. Pineridge Advisors LLC increased its position in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after buying an additional 69 shares during the period. Navigoe LLC purchased a new position in shares of GE Vernova during the fourth quarter valued at about $27,000. Finally, Clarity Asset Management Inc. purchased a new position in shares of GE Vernova during the fourth quarter valued at about $28,000.

GE Vernova Stock Up 0.1%

Shares of NYSE GEV traded up $0.39 during midday trading on Friday, hitting $471.56. The stock had a trading volume of 5,090,753 shares, compared to its average volume of 3,356,777. The business's 50 day moving average is $371.84 and its 200-day moving average is $355.23. The company has a market cap of $128.71 billion and a P/E ratio of 84.81. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $489.13.

GE Vernova (NYSE:GEV - Get Free Report) last issued its 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. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business's revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.47) earnings per share. As a group, analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova's dividend payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

GEV has been the topic of several research analyst reports. Johnson Rice initiated coverage on shares of GE Vernova in a research report on Friday, February 7th. They set a "buy" rating and a $425.00 price target on the stock. Truist Financial set a $440.00 price target on shares of GE Vernova in a research report on Thursday, March 27th. BMO Capital Markets boosted their price target on shares of GE Vernova from $381.00 to $522.00 and gave the company an "outperform" rating in a research report on Friday. CICC Research initiated coverage on shares of GE Vernova in a research report on Wednesday, February 19th. They set an "outperform" rating on the stock. Finally, Morgan Stanley reiterated an "overweight" rating and set a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a research report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $385.78.

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.