Financial Enhancement Group LLC Has $1.40 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Financial Enhancement Group LLC reduced its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,289 shares of the company's stock after selling 1,009 shares during the quarter. Financial Enhancement Group LLC's holdings in GE Vernova were worth $1,399,000 at the end of the most recent quarter.

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

GE Vernova Trading Up 0.8%

NYSE:GEV traded up $4.07 during trading hours on Thursday, hitting $506.74. 2,204,658 shares of the stock traded hands, compared to its average volume of 3,262,534. The firm has a 50 day moving average price of $436.25 and a 200 day moving average price of $374.00. The firm has a market cap of $138.30 billion, a price-to-earnings ratio of 73.02, a PEG ratio of 3.97 and a beta of 1.97. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $522.97.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. GE Vernova's quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.47) earnings per share. Research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. GE Vernova's dividend payout ratio is 14.41%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Glj Research began coverage on GE Vernova in a research note on Monday. They set a "buy" rating for the company. Wolfe Research downgraded GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Susquehanna restated a "positive" rating and issued a $499.00 price objective (up previously from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised their target price on GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $429.13.

GE Vernova 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.