CMC Financial Group Makes New $282,000 Investment in GE Vernova Inc. (NYSE:GEV)

CMC Financial Group purchased 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 Securities & Exchange Commission. The institutional investor purchased 925 shares of the company's stock, valued at approximately $282,000. GE Vernova accounts for about 0.6% of CMC Financial Group's holdings, making the stock its 23rd largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in GEV. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at about $25,000. Fairway Wealth LLC increased its stake in shares of GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the period. Pineridge Advisors LLC increased its stake in shares of GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after buying an additional 69 shares during the period. Navigoe LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at about $27,000. Finally, Clarity Asset Management Inc. acquired a new stake in shares of GE Vernova in the fourth quarter valued at about $28,000.

GE Vernova Stock Up 0.6%

GEV stock opened at $487.06 on Friday. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $500.72. The stock's 50 day moving average is $389.72 and its 200-day moving average is $360.64. The firm has a market capitalization of $132.94 billion, a PE ratio of 87.60, a P/E/G ratio of 3.03 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. The company 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 company's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.47) earnings per share. On average, equities research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were given a dividend of $0.25 per share. 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 payout ratio is 14.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Baird R W raised GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada decreased their price target 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. Morgan Stanley reissued an "overweight" rating and issued a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Susquehanna reaffirmed a "positive" rating and set a $499.00 target price (up previously from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. Finally, Barclays raised their target price on GE Vernova from $427.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and an average target price of $385.78.

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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