Cambridge Investment Research Advisors Inc. Buys 1,597 Shares of GE Vernova Inc. (NYSE:GEV)

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 4.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 41,579 shares of the company's stock after acquiring an additional 1,597 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in GE Vernova were worth $12,693,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in GE Vernova during the fourth quarter valued at approximately $1,109,720,000. Capital International Investors grew its stake in GE Vernova by 25.3% in the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company's stock valued at $4,886,164,000 after acquiring an additional 2,994,660 shares during the period. GAMMA Investing LLC increased its holdings in shares of GE Vernova by 32,984.2% in the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after acquiring an additional 2,135,066 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of GE Vernova by 1,638.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock worth $432,309,000 after acquiring an additional 1,238,690 shares in the last quarter. Finally, FMR LLC raised its position in shares of GE Vernova by 3.4% during the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after purchasing an additional 814,155 shares during the period.

GE Vernova Price Performance

GEV stock traded down $7.85 during trading hours on Wednesday, reaching $502.99. The stock had a trading volume of 2,473,354 shares, compared to its average volume of 3,263,913. The stock has a 50-day simple moving average of $432.77 and a 200 day simple moving average of $373.10. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $522.16. The stock has a market capitalization of $137.28 billion, a PE ratio of 72.48, a price-to-earnings-growth ratio of 3.88 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results 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. 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 for the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the prior year, the firm earned ($0.47) EPS. GE Vernova's quarterly revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast 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. Stockholders of record on Monday, July 21st will be given 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 0.20%. GE Vernova's payout ratio is 14.41%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GEV shares. Glj Research upgraded GE Vernova to a "strong-buy" rating and set a $702.00 price objective for the company in a research report on Monday. Morgan Stanley upped their price target on shares of GE Vernova from $422.00 to $511.00 and gave the company an "overweight" rating in a report on Tuesday. Guggenheim reissued a "buy" rating and set a $380.00 price objective on shares of GE Vernova in a research report on Thursday, April 24th. TD Cowen cut their price objective on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $499.00 target price (up from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. Eight analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $429.13.

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.