CWA Asset Management Group LLC Purchases 793 Shares of GE Vernova Inc. (NYSE:GEV)

CWA Asset Management Group LLC boosted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 59.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,131 shares of the company's stock after acquiring an additional 793 shares during the period. CWA Asset Management Group LLC's holdings in GE Vernova were worth $651,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova in the 4th quarter worth about $25,000. Fairway Wealth LLC increased its holdings in GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Navigoe LLC purchased a new stake in shares of GE Vernova in the fourth quarter worth approximately $27,000. Clarity Asset Management Inc. purchased a new stake in shares of GE Vernova in the fourth quarter worth approximately $28,000. Finally, Pinpoint Asset Management Ltd bought a new position in shares of GE Vernova in the fourth quarter valued at approximately $30,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GEV shares. Truist Financial set a $440.00 price target on GE Vernova in a report on Thursday, March 27th. TD Cowen cut their price objective on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Susquehanna reiterated a "positive" rating and issued a $499.00 target price (up previously from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Royal Bank Of Canada cut their price target on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Finally, BMO Capital Markets lifted their target price on shares of GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Eight analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and a consensus price target of $404.56.

GE Vernova Trading Down 0.8%

Shares of GEV stock traded down $3.78 during trading hours on Friday, hitting $486.41. 4,002,218 shares of the company's stock were exchanged, compared to its average volume of 3,269,632. The company has a market capitalization of $132.76 billion, a PE ratio of 70.09, a PEG ratio of 3.81 and a beta of 1.97. The business's 50 day simple moving average is $425.55 and its 200-day simple moving average is $370.71. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $500.72.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $7.56 billion. During the same period last year, the firm earned ($0.47) earnings per share. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.21%. GE Vernova's payout ratio is currently 14.41%.

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.