7,925 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,925 shares of the company's stock, valued at approximately $2,419,000.

A number of other large investors also recently bought and sold shares of the stock. Grandview Asset Management LLC lifted its stake in shares of GE Vernova by 48.8% in the 1st quarter. Grandview Asset Management LLC now owns 2,149 shares of the company's stock valued at $656,000 after purchasing an additional 705 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of GE Vernova by 79.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock worth $67,622,000 after acquiring an additional 98,034 shares during the period. State of Alaska Department of Revenue raised its position in shares of GE Vernova by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 32,340 shares of the company's stock worth $9,872,000 after acquiring an additional 910 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of GE Vernova by 104.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,661 shares of the company's stock worth $2,644,000 after acquiring an additional 4,429 shares in the last quarter. Finally, Friedenthal Financial grew its position in shares of GE Vernova by 990.4% during the 1st quarter. Friedenthal Financial now owns 3,413 shares of the company's stock valued at $1,042,000 after acquiring an additional 3,100 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GEV shares. The Goldman Sachs Group upped their price target on GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. New Street Research set a $380.00 target price on GE Vernova in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Citigroup cut their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Susquehanna reaffirmed a "positive" rating and set a $499.00 price objective (up from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Eight analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $413.39.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $486.41 on Friday. The business's 50 day moving average price is $425.55 and its 200 day moving average price is $370.90. The company has a market cap of $132.76 billion, a price-to-earnings ratio of 70.09, a PEG ratio of 3.78 and a beta of 1.97. GE Vernova Inc. has a one year low of $150.01 and a one year high of $500.72.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.47) EPS. On average, analysts predict 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

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.

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