FORM Wealth Advisors LLC Buys Shares of 1,588 GE Vernova Inc. (NYSE:GEV)

FORM Wealth Advisors LLC bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,588 shares of the company's stock, valued at approximately $485,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MRP Capital Investments LLC purchased a new stake in GE Vernova in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC increased its position in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the period. Navigoe LLC purchased a new stake in shares of GE Vernova during the fourth quarter worth $27,000. Clarity Asset Management Inc. purchased a new stake in shares of GE Vernova during the fourth quarter worth $28,000. Finally, Orion Capital Management LLC purchased a new stake in shares of GE Vernova during the fourth quarter worth $30,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GEV shares. The Goldman Sachs Group upped their price objective on GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Glj Research started coverage on GE Vernova in a research report on Monday. They set a "buy" rating and a $702.00 price objective on the stock. New Street Research set a $380.00 price objective on GE Vernova in a research report on Wednesday, March 5th. Barclays upped their price objective on GE Vernova from $500.00 to $550.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Finally, Susquehanna reaffirmed a "positive" rating and set a $499.00 price objective (up previously 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, nineteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $425.42.

GE Vernova Price Performance

NYSE GEV opened at $499.97 on Tuesday. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $506.31. The company has a market capitalization of $136.46 billion, a PE ratio of 72.04, a P/E/G ratio of 3.78 and a beta of 1.97. The company has a fifty day moving average of $429.11 and a two-hundred day moving average of $372.13.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted ($0.47) earnings per share. GE Vernova's revenue for the quarter was up 10.6% on a year-over-year basis. On average, research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.20%. GE Vernova's dividend payout ratio is presently 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.

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