GE Vernova Inc. (NYSE:GEV) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 37.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,652 shares of the company's stock after purchasing an additional 20,452 shares during the period. Cerity Partners LLC's holdings in GE Vernova were worth $23,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. MRP Capital Investments LLC purchased a new stake in GE Vernova in the 4th quarter worth $25,000. Navigoe LLC purchased a new stake in GE Vernova in the 4th quarter worth $27,000. EQ Wealth Advisors LLC purchased a new stake in GE Vernova in the 1st quarter worth $27,000. Clarity Asset Management Inc. purchased a new stake in GE Vernova in the 4th quarter worth $28,000. Finally, Pinpoint Asset Management Ltd purchased a new stake in GE Vernova in the 4th quarter worth $30,000.

GE Vernova Stock Performance

Shares of GEV stock traded down $0.41 on Friday, hitting $538.95. 2,285,780 shares of the stock traded hands, compared to its average volume of 3,325,574. The firm's 50-day moving average price is $476.87 and its two-hundred day moving average price is $389.85. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $546.65. The stock has a market capitalization of $147.10 billion, a PE ratio of 77.66, a PEG ratio of 4.15 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 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 quarter in the prior year, the company posted ($0.47) earnings per share. GE Vernova's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders 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 yield of 0.19%. GE Vernova's payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GEV shares. Jefferies Financial Group lowered shares of GE Vernova from a "buy" rating to a "hold" rating and boosted their price target for the stock from $427.00 to $517.00 in a report on Thursday, May 29th. BMO Capital Markets boosted 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, July 8th. Glj Research assumed coverage on shares of GE Vernova in a report on Monday, June 23rd. They issued a "buy" rating for the company. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Finally, Guggenheim reaffirmed a "buy" rating and set a $380.00 target price on shares of GE Vernova in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $451.38.

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.