Brown Miller Wealth Management LLC Acquires Shares of 1,293 GE Vernova Inc. (NYSE:GEV)

Brown Miller Wealth Management LLC bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,293 shares of the company's stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GEV. MRP Capital Investments LLC acquired a new stake in GE Vernova during the 4th quarter worth approximately $25,000. Fairway Wealth LLC raised its stake in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Navigoe LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth $27,000. Clarity Asset Management Inc. purchased a new position in GE Vernova in the 4th quarter valued at $28,000. Finally, Pinpoint Asset Management Ltd acquired a new position in GE Vernova in the 4th quarter valued at $30,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $477.93 on Monday. The business's fifty day moving average price is $408.13 and its two-hundred day moving average price is $365.83. The stock has a market cap of $130.44 billion, a PE ratio of 85.96, a price-to-earnings-growth ratio of 3.03 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 data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates 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 6.70% and a net margin of 4.44%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.47) earnings per share. As a group, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Morgan Stanley restated an "overweight" rating and issued a $422.00 target price (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. New Street Research set a $380.00 price target on shares of GE Vernova in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price objective on shares of GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. TD Cowen lowered their price objective on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Royal Bank of Canada cut their target price on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $404.56.

GE Vernova Company 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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