Forvis Mazars Wealth Advisors LLC Has $1.04 Million Holdings in GE Vernova Inc. $GEV

Key Points

• Forvis Mazars Wealth Advisors LLC increased its stake in GE Vernova Inc. by 28.6%, owning 3,415 shares worth over $1 million as of the latest SEC filing.
• GE Vernova reported a quarterly earnings per share (EPS) of $1.86, exceeding analysts' expectations, and showed an 11.1% increase in revenue compared to the previous year.
• The company announced a $0.25 quarterly dividend, with a yield of 0.2%, set to be paid on August 18th to shareholders on record as of July 21st.

Forvis Mazars Wealth Advisors LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 28.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,415 shares of the company's stock after acquiring an additional 759 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in GE Vernova were worth $1,043,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GEV. Brighton Jones LLC grew its position in GE Vernova by 29.4% during the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after acquiring an additional 753 shares during the last quarter. American Assets Inc. bought a new stake in GE Vernova during the 4th quarter worth approximately $658,000. Guggenheim Capital LLC grew its position in GE Vernova by 63.5% during the 4th quarter. Guggenheim Capital LLC now owns 6,077 shares of the company's stock worth $1,999,000 after acquiring an additional 2,361 shares during the last quarter. Evergreen Capital Management LLC grew its position in GE Vernova by 4.5% during the 4th quarter. Evergreen Capital Management LLC now owns 1,888 shares of the company's stock worth $621,000 after acquiring an additional 82 shares during the last quarter. Finally, GeoWealth Management LLC grew its position in GE Vernova by 22.4% during the 4th quarter. GeoWealth Management LLC now owns 2,448 shares of the company's stock worth $805,000 after acquiring an additional 448 shares during the last quarter.

Wall Street Analyst Weigh In

GEV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. UBS Group started coverage on GE Vernova in a research report on Monday, July 7th. They set a "buy" rating and a $614.00 price target on the stock. Wall Street Zen downgraded GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Barclays upped their price objective on GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $560.21.

GE Vernova Price Performance

Shares of GEV stock traded up $2.1340 during trading hours on Wednesday, reaching $605.2640. The company had a trading volume of 2,667,450 shares, compared to its average volume of 3,563,316. The company has a 50 day moving average of $569.18 and a 200 day moving average of $436.80. The firm has a market cap of $164.77 billion, a price-to-earnings ratio of 145.64, a P/E/G ratio of 4.32 and a beta of 1.90. GE Vernova Inc. has a 1-year low of $173.07 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is 24.10%.

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.