GE Vernova Inc. (NYSE:GEV) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 91.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,009 shares of the company's stock after buying an additional 2,871 shares during the quarter. Concurrent Investment Advisors LLC's holdings in GE Vernova were worth $1,834,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC grew its stake in shares of GE Vernova by 201.7% during the first quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock valued at $373,000 after buying an additional 817 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in GE Vernova by 79.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock worth $67,622,000 after purchasing an additional 98,034 shares in the last quarter. Grandview Asset Management LLC grew its stake in GE Vernova by 48.8% in the first quarter. Grandview Asset Management LLC now owns 2,149 shares of the company's stock worth $656,000 after purchasing an additional 705 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in GE Vernova in the first quarter worth approximately $328,000. Finally, GAMMA Investing LLC grew its stake in 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 in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Jefferies Financial Group cut GE Vernova from a "buy" rating to a "hold" rating and increased their price objective for the stock from $427.00 to $517.00 in a research note on Thursday, May 29th. BMO Capital Markets upped their target price on GE Vernova from $522.00 to $590.00 and gave the stock an "outperform" rating in a report on Tuesday. The Goldman Sachs Group upped their target price on GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Robert W. Baird upped their target price on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded GE Vernova from a "hold" rating to a "buy" rating in a report on Saturday. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $450.13.

GE Vernova Stock Performance

Shares of NYSE GEV traded down $0.19 during mid-day trading on Tuesday, hitting $530.09. The stock had a trading volume of 3,126,359 shares, compared to its average volume of 3,308,555. The company has a 50 day moving average of $464.41 and a two-hundred day moving average of $384.86. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $544.50. The firm has a market cap of $144.68 billion, a PE ratio of 76.38, a PEG ratio of 3.98 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last released its 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. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the prior year, the firm earned ($0.47) EPS. The firm's revenue was up 10.6% on a year-over-year basis. Equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

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.