CWC Advisors LLC. Buys 1,763 Shares of GE Vernova Inc. (NYSE:GEV)

CWC Advisors LLC. boosted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 94.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,633 shares of the company's stock after buying an additional 1,763 shares during the quarter. CWC Advisors LLC.'s holdings in GE Vernova were worth $1,109,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MRP Capital Investments LLC bought a new stake in GE Vernova during the fourth quarter worth $25,000. Fairway Wealth LLC increased its stake in shares of 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 during the last quarter. Navigoe LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at about $27,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova in the 1st quarter valued at about $27,000. Finally, Clarity Asset Management Inc. bought a new position in GE Vernova during the fourth quarter worth about $28,000.

GE Vernova Trading Up 2.7%

GE Vernova stock traded up $13.75 during trading hours on Friday, reaching $520.56. 9,147,914 shares of the stock were exchanged, compared to its average volume of 3,290,915. The company has a market cap of $142.08 billion, a P/E ratio of 140.45, a price-to-earnings-growth ratio of 4.03 and a beta of 1.97. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $532.59. The stock has a 50 day moving average of $443.89 and a two-hundred day moving average of $376.74.

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, topping analysts' consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The business's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.47) earnings per share. On average, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.25 per share. The ex-dividend date 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 14.41%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GEV shares. Truist Financial set a $440.00 price objective on GE Vernova in a research note on Thursday, March 27th. Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Morgan Stanley raised their price target on GE Vernova from $422.00 to $511.00 and gave the company an "overweight" rating in a report on Tuesday, June 24th. BMO Capital Markets lifted their price objective 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. Finally, Susquehanna reaffirmed a "positive" rating and set a $499.00 price objective (up from $399.00) on shares of GE Vernova in a research report on Wednesday, May 14th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $429.13.

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.