GE Vernova Inc. (NYSE:GEV) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 11.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,660 shares of the company's stock after acquiring an additional 1,361 shares during the period. Crossmark Global Holdings Inc.'s holdings in GE Vernova were worth $4,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GEV. MRP Capital Investments LLC acquired a new stake in GE Vernova in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC raised its holdings in shares of GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after buying an additional 55 shares during the last quarter. Navigoe LLC purchased a new position in shares of GE Vernova during the fourth quarter worth $27,000. Clarity Asset Management Inc. purchased a new position in shares of GE Vernova during the fourth quarter worth $28,000. Finally, Orion Capital Management LLC purchased a new position in shares of GE Vernova during the fourth quarter worth $30,000.

GE Vernova Stock Performance

GE Vernova stock traded up $4.87 during trading hours on Wednesday, reaching $534.87. 2,294,213 shares of the stock were exchanged, compared to its average volume of 3,311,098. The stock has a market cap of $145.98 billion, a P/E ratio of 77.07, a P/E/G ratio of 4.08 and a beta of 1.86. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $545.30. The firm's 50 day moving average is $467.60 and its 200 day moving average is $385.87.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The firm had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter last year, the business earned ($0.47) earnings per share. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on GEV. Glj Research assumed coverage on shares of GE Vernova in a report on Monday, June 23rd. They issued a "buy" rating for the company. JPMorgan Chase & Co. boosted their price target on shares of GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Robert W. Baird upped their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, UBS Group initiated coverage on GE Vernova in a report on Monday. They issued a "buy" rating and a $614.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $451.38.

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.