FOCUS Wealth Advisors LLC Has $433,000 Position in GE Vernova Inc. (NYSE:GEV)

Key Points

• FOCUS Wealth Advisors LLC reduced its holdings in GE Vernova Inc. by 36.5%, owning 1,417 shares valued at $433,000 after selling 816 shares in the first quarter.
• TD Cowen, Robert W. Baird, and Barclays have significantly raised their target prices for GE Vernova, indicating a positive outlook with ratings of "buy" and "outperform".
• GE Vernova's latest earnings report showed a quarterly EPS of $1.86, beating estimates, with revenues increasing by 11.1% year-over-year to $9.11 billion.

FOCUS Wealth Advisors LLC cut its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 36.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,417 shares of the company's stock after selling 816 shares during the period. FOCUS Wealth Advisors LLC's holdings in GE Vernova were worth $433,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Navigoe LLC acquired a new stake in GE Vernova in the 4th quarter worth $27,000. Clarity Asset Management Inc. acquired a new stake in shares of GE Vernova during the 4th quarter valued at about $28,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000. Orion Capital Management LLC acquired a new stake in shares of GE Vernova during the 4th quarter valued at about $30,000. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000.

Analyst Upgrades and Downgrades

GEV has been the topic of several recent research reports. TD Cowen lifted their target price on shares of GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a research report on Friday. Robert W. Baird lifted their target price on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. The Goldman Sachs Group boosted their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Barclays boosted their price target on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Morgan Stanley boosted their price target on shares of GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $560.21.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $648.39 on Tuesday. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $651.22. The company has a market capitalization of $176.51 billion, a PE ratio of 156.24, a PEG ratio of 4.57 and a beta of 1.86. The company has a 50 day moving average price of $514.85 and a two-hundred day moving average price of $408.60.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter in the prior year, the firm earned $4.65 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio is 24.10%.

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.

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