Davidson Capital Management Inc. Purchases Shares of 9,052 GE Vernova Inc. (NYSE:GEV)

Davidson Capital Management Inc. purchased a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,052 shares of the company's stock, valued at approximately $2,763,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MRP Capital Investments LLC purchased a new stake in GE Vernova in the 4th quarter worth approximately $25,000. Fairway Wealth LLC increased 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 purchasing an additional 55 shares during the period. Navigoe LLC purchased a new stake in shares of GE Vernova in the fourth quarter worth $27,000. Clarity Asset Management Inc. bought a new stake in GE Vernova during the fourth quarter valued at $28,000. Finally, Orion Capital Management LLC bought a new stake in GE Vernova during the fourth quarter valued at $30,000.

GE Vernova Trading Up 0.3%

NYSE GEV traded up $1.46 during trading on Thursday, hitting $490.12. The company had a trading volume of 2,239,101 shares, compared to its average volume of 3,269,642. The company's fifty day moving average is $418.66 and its 200-day moving average is $368.60. GE Vernova Inc. has a one year low of $150.01 and a one year high of $500.72. The company has a market cap of $133.77 billion, a price-to-earnings ratio of 70.62, a price-to-earnings-growth ratio of 3.79 and a beta of 1.97.

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

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova's payout ratio is 14.41%.

Analysts Set New Price Targets

GEV has been the subject of several recent analyst reports. TD Cowen cut their price objective on GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, April 24th. New Street Research set a $380.00 price target on shares of GE Vernova in a research note on Wednesday, March 5th. Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and raised their price objective for the company from $427.00 to $517.00 in a research report on Thursday, May 29th. BMO Capital Markets upped 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. Finally, Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Eight equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $404.56.

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.