Capital Management Associates Inc Acquires New Shares in GE Vernova Inc. (NYSE:GEV)

Capital Management Associates Inc acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,150 shares of the company's stock, valued at approximately $351,000.

A number of other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in GE Vernova by 201.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock worth $373,000 after buying an additional 817 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of GE Vernova by 79.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock valued at $67,622,000 after acquiring an additional 98,034 shares in the last quarter. Grandview Asset Management LLC increased its stake in GE Vernova by 48.8% during 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. Oppenheimer Asset Management Inc. acquired a new stake in shares of GE Vernova in the 1st quarter worth about $328,000. Finally, GAMMA Investing LLC raised its stake in shares of GE Vernova by 8.4% in the first quarter. GAMMA Investing LLC now owns 7,015 shares of the company's stock worth $2,142,000 after purchasing an additional 542 shares during the last quarter.

GE Vernova Price Performance

NYSE:GEV traded down $0.19 during mid-day trading on Tuesday, reaching $530.09. 3,126,465 shares of the company's stock traded hands, compared to its average volume of 3,315,162. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $544.50. The firm has a market capitalization of $144.68 billion, a price-to-earnings ratio of 143.32, a PEG ratio of 4.08 and a beta of 1.86. The company has a 50 day moving average price of $464.41 and a 200-day moving average price of $384.86.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. GE Vernova's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.47) earnings per share. As a group, analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. GE Vernova's dividend payout ratio (DPR) is currently 14.41%.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. UBS Group initiated coverage on shares of GE Vernova in a report on Monday. They issued a "buy" rating and a $614.00 price objective for the company. Morgan Stanley lifted their target price on GE Vernova from $422.00 to $511.00 and gave the company an "overweight" rating in a report on Tuesday, June 24th. BMO Capital Markets upped their price target on shares of GE Vernova from $522.00 to $590.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and raised their target price for the company from $427.00 to $517.00 in a research note on Thursday, May 29th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $450.13.

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.