Brown Advisory Inc. Raises Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Brown Advisory Inc. grew its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 1.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,677 shares of the company's stock after purchasing an additional 574 shares during the quarter. Brown Advisory Inc.'s holdings in GE Vernova were worth $10,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GEV. MRP Capital Investments LLC bought a new stake in shares of GE Vernova in the 4th quarter worth approximately $25,000. Navigoe LLC bought a new stake in GE Vernova in the fourth quarter worth $27,000. Clarity Asset Management Inc. purchased a new stake in shares of GE Vernova in the fourth quarter worth $28,000. Orion Capital Management LLC bought a new position in shares of GE Vernova during the fourth quarter valued at $30,000. Finally, EQ Wealth Advisors LLC purchased a new position in shares of GE Vernova in the 1st quarter worth about $27,000.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wall Street Zen raised shares of GE Vernova from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Glj Research assumed coverage on shares of GE Vernova in a research note on Monday, June 23rd. They issued a "buy" rating on the stock. Jefferies Financial Group downgraded shares of 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 research report on Thursday, May 29th. JPMorgan Chase & Co. upped their price objective on GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, BMO Capital Markets increased their target price on GE Vernova from $522.00 to $590.00 and gave the company an "outperform" rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus price target of $451.38.

GE Vernova Price Performance

Shares of NYSE:GEV traded down $0.41 during trading on Friday, hitting $538.95. 2,285,780 shares of the company's stock were exchanged, compared to its average volume of 3,318,687. The business's 50-day simple moving average is $474.02 and its 200 day simple moving average is $388.24. The company has a market cap of $147.10 billion, a price-to-earnings ratio of 145.77, a PEG ratio of 4.15 and a beta of 1.86. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $546.36.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The company's revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted ($0.47) EPS. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. GE Vernova's payout ratio is currently 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.