U.S. Capital Wealth Advisors LLC Purchases 1,466 Shares of GE Vernova Inc. (NYSE:GEV)

U.S. Capital Wealth Advisors LLC increased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,345 shares of the company's stock after buying an additional 1,466 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in GE Vernova were worth $3,158,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its holdings in GE Vernova by 201.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock worth $373,000 after buying an additional 817 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in GE Vernova by 79.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock worth $67,622,000 after buying an additional 98,034 shares during the period. Grandview Asset Management LLC lifted its stake in GE Vernova by 48.8% in the 1st quarter. Grandview Asset Management LLC now owns 2,149 shares of the company's stock worth $656,000 after purchasing an additional 705 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in GE Vernova in the 1st quarter worth approximately $328,000. Finally, GAMMA Investing LLC lifted its stake in GE Vernova by 8.4% in the 1st quarter. GAMMA Investing LLC now owns 7,015 shares of the company's stock worth $2,142,000 after purchasing an additional 542 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on GEV shares. Morgan Stanley increased their target price on shares of GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. Robert W. Baird increased their target price on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. UBS Group started coverage on shares of GE Vernova in a research note on Monday. They issued a "buy" rating and a $614.00 target price on the stock. Royal Bank Of Canada lowered their target price on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Finally, Guggenheim reiterated a "buy" rating and issued a $380.00 target price on shares of GE Vernova in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $451.38.

GE Vernova Stock Performance

NYSE:GEV traded down $0.41 during midday trading on Friday, reaching $538.95. 2,285,780 shares of the stock traded hands, compared to its average volume of 3,318,687. The stock has a market capitalization of $147.10 billion, a P/E ratio of 77.66, a PEG ratio of 4.15 and a beta of 1.86. The company has a fifty day moving average of $476.87 and a 200 day moving average of $389.56. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $546.36.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The company's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.47) EPS. On average, analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

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.