GE Vernova Inc. $GEV Shares Acquired by PKS Advisory Services LLC

Key Points

• PKS Advisory Services LLC increased its holdings in GE Vernova Inc. by 67.2%, owning 1,421 shares worth $434,000 as of its latest SEC filing.
• GE Vernova's stock price recently opened at $627.67, with a market capitalization of $170.86 billion and a 52-week high of $677.29.
• The company's quarterly earnings exceeded expectations, reporting $1.86 EPS against a consensus estimate of $1.63, alongside a revenue of $9.11 billion for the quarter.

PKS Advisory Services LLC lifted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 67.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,421 shares of the company's stock after buying an additional 571 shares during the period. PKS Advisory Services LLC's holdings in GE Vernova were worth $434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of 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 purchasing an additional 753 shares during the period. American Assets Inc. purchased a new position in shares of GE Vernova during the 4th quarter worth approximately $658,000. Kovitz Investment Group Partners LLC boosted its position in shares of GE Vernova by 4.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,433 shares of the company's stock worth $2,116,000 after purchasing an additional 283 shares during the period. Capital Analysts LLC boosted its position in shares of GE Vernova by 70.3% during the 4th quarter. Capital Analysts LLC now owns 109 shares of the company's stock worth $36,000 after purchasing an additional 45 shares during the period. Finally, Prosperity Consulting Group LLC purchased a new position in shares of GE Vernova during the 4th quarter worth approximately $233,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Susquehanna raised their price target on shares of GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Bank of America lifted their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $560.21.

GE Vernova Stock Up 4.2%

Shares of GE Vernova stock opened at $627.67 on Wednesday. The firm has a market cap of $170.86 billion, a price-to-earnings ratio of 151.25, a price-to-earnings-growth ratio of 4.16 and a beta of 1.90. GE Vernova Inc. has a 52-week low of $180.49 and a 52-week high of $677.29. The company's 50-day simple moving average is $581.62 and its 200-day simple moving average is $445.20.

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

GE Vernova Dividend Announcement

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

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