Arkadios Wealth Advisors Purchases 470 Shares of GE Vernova Inc. (NYSE:GEV)

Key Points

• Arkadios Wealth Advisors increased its holdings in GE Vernova Inc. by 23.4%, acquiring an additional 470 shares valued at approximately $758,000.
• GE Vernova recently reported earnings of $1.86 per share for the quarter, exceeding analysts' expectations, with a revenue of $9.11 billion.
• The company declared a quarterly dividend of $0.25, yielding 0.2%, with the payment scheduled for August 18th.

Arkadios Wealth Advisors lifted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 23.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,482 shares of the company's stock after acquiring an additional 470 shares during the quarter. Arkadios Wealth Advisors' holdings in GE Vernova were worth $758,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Westover Capital Advisors LLC boosted its stake in GE Vernova by 2.3% in the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock worth $345,000 after purchasing an additional 25 shares during the period. Stonebridge Financial Group LLC boosted its stake in GE Vernova by 8.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock worth $105,000 after purchasing an additional 28 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in GE Vernova by 0.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock worth $2,598,000 after purchasing an additional 30 shares during the period. Fulcrum Equity Management boosted its stake in GE Vernova by 3.6% in the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company's stock worth $291,000 after purchasing an additional 31 shares during the period. Finally, Dopkins Wealth Management LLC boosted its stake in GE Vernova by 4.9% in the 1st quarter. Dopkins Wealth Management LLC now owns 668 shares of the company's stock worth $204,000 after purchasing an additional 31 shares during the period.

GE Vernova Price Performance

NYSE:GEV opened at $656.66 on Monday. The business has a 50 day moving average of $530.40 and a 200 day moving average of $416.15. The company has a market capitalization of $178.76 billion, a price-to-earnings ratio of 158.23, a PEG ratio of 4.54 and a beta of 1.90. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%. GE Vernova's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.65 EPS. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's payout ratio is 24.10%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays raised their target price on GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Morgan Stanley raised their target price on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Susquehanna raised their target price on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. Jefferies Financial Group cut GE Vernova from a "buy" rating to a "hold" rating and raised their price target for the company from $427.00 to $517.00 in a report on Thursday, May 29th. Finally, Guggenheim lowered GE Vernova from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $560.21.

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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