974 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Heartland Bank & Trust Co

Heartland Bank & Trust Co acquired a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 974 shares of the company's stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in GE Vernova by 79.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock valued at $67,622,000 after purchasing an additional 98,034 shares in the last quarter. Grandview Asset Management LLC lifted its holdings in 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 in the last quarter. State of Alaska Department of Revenue lifted its holdings in GE Vernova by 2.9% in the 1st quarter. State of Alaska Department of Revenue now owns 32,340 shares of the company's stock valued at $9,872,000 after purchasing an additional 910 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in GE Vernova by 104.7% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,661 shares of the company's stock valued at $2,644,000 after purchasing an additional 4,429 shares in the last quarter. Finally, Friedenthal Financial lifted its holdings in GE Vernova by 990.4% in the 1st quarter. Friedenthal Financial now owns 3,413 shares of the company's stock valued at $1,042,000 after purchasing an additional 3,100 shares in the last quarter.

GE Vernova Stock Performance

GEV opened at $486.41 on Monday. The firm has a 50 day moving average price of $425.55 and a 200 day moving average price of $371.06. The company has a market cap of $132.76 billion, a PE ratio of 70.09, a price-to-earnings-growth ratio of 3.78 and a beta of 1.97. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $500.72.

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

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GEV. Robert W. Baird upped their target price on shares of GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. The Goldman Sachs Group upped their target price 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. New Street Research set a $380.00 target price on shares of GE Vernova in a report on Wednesday, March 5th. Jefferies Financial Group lowered shares of GE Vernova from a "buy" rating to a "hold" rating and upped their target price for the company from $427.00 to $517.00 in a report on Thursday, May 29th. Finally, Guggenheim restated a "buy" rating and issued a $380.00 target price on shares of GE Vernova in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $413.39.

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.

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