RWA Wealth Partners LLC Grows Stake in GE Vernova Inc. $GEV

Key Points

• RWA Wealth Partners LLC increased its holdings in GE Vernova Inc. by 100.3%, now owning 9,827 shares worth approximately $3,000,000 as of the latest SEC filing.
• GE Vernova reported a quarterly EPS of $1.86 for the first quarter, exceeding expectations, with revenue of $9.11 billion, up 11.1% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.25 per share, which results in an annualized yield of 0.2% and a payout ratio of 24.10%.

RWA Wealth Partners LLC grew its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 100.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,827 shares of the company's stock after buying an additional 4,920 shares during the quarter. RWA Wealth Partners LLC's holdings in GE Vernova were worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of GEV. Navigoe LLC bought a new position in shares of GE Vernova during the 4th quarter valued at $27,000. EQ Wealth Advisors LLC bought a new position in GE Vernova in the 1st quarter worth $27,000. IMA Advisory Services Inc. bought a new position in GE Vernova in the 1st quarter worth $27,000. Clarity Asset Management Inc. bought a new position in GE Vernova in the 4th quarter worth $28,000. Finally, Orion Capital Management LLC bought a new position in GE Vernova in the 4th quarter worth $30,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. JPMorgan Chase & Co. raised their target price on GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Robert W. Baird raised their target price on GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Citigroup raised their target price on GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $560.21.

GE Vernova Stock Up 0.0%

NYSE:GEV traded up $0.1210 on Friday, reaching $606.1210. 2,724,290 shares of the company's stock traded hands, compared to its average volume of 2,615,281. The stock has a 50-day simple moving average of $576.57 and a 200-day simple moving average of $441.89. The firm has a market cap of $165.00 billion, a PE ratio of 146.05, a P/E/G ratio of 4.20 and a beta of 1.90. GE Vernova Inc. has a 12 month low of $173.07 and a 12 month high of $677.29.

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

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's 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.