GE Vernova Inc. (NYSE:GEV) is SOA Wealth Advisors LLC.'s 9th Largest Position

SOA Wealth Advisors LLC. grew its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 31,435.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 53,295 shares of the company's stock after buying an additional 53,126 shares during the period. GE Vernova makes up about 1.9% of SOA Wealth Advisors LLC.'s investment portfolio, making the stock its 9th largest holding. SOA Wealth Advisors LLC.'s holdings in GE Vernova were worth $16,270,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Yarbrough Capital LLC lifted its position in GE Vernova by 41.2% during the first quarter. Yarbrough Capital LLC now owns 4,076 shares of the company's stock valued at $1,244,000 after purchasing an additional 1,190 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in GE Vernova by 13.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,929 shares of the company's stock worth $589,000 after purchasing an additional 232 shares during the period. Whitaker Myers Wealth Managers LTD. bought a new stake in GE Vernova in the 1st quarter worth approximately $386,000. UMB Bank n.a. grew its position in GE Vernova by 9.7% in the 1st quarter. UMB Bank n.a. now owns 2,129 shares of the company's stock worth $650,000 after purchasing an additional 189 shares during the period. Finally, Wedmont Private Capital grew its position in GE Vernova by 3.0% in the 1st quarter. Wedmont Private Capital now owns 4,263 shares of the company's stock worth $1,370,000 after purchasing an additional 126 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on GEV shares. Guggenheim reaffirmed a "buy" rating and issued a $380.00 target price on shares of GE Vernova in a research report on Thursday, April 24th. Susquehanna reaffirmed a "positive" rating and issued a $499.00 target price (up previously from $399.00) on shares of GE Vernova in a research report on Wednesday, May 14th. New Street Research set a $380.00 target price on shares of GE Vernova in a research report on Wednesday, March 5th. TD Cowen cut their target price on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, BMO Capital Markets lifted their target price on shares of GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $385.78.

GE Vernova Stock Performance

GEV opened at $487.06 on Friday. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $500.72. The firm's fifty day moving average is $389.72 and its 200 day moving average is $360.77. The stock has a market cap of $132.94 billion, a price-to-earnings ratio of 87.60, a price-to-earnings-growth ratio of 3.03 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the previous year, the company earned ($0.47) EPS. GE Vernova's revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts predict 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 Friday, May 16th. Investors of record on Friday, April 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is 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.

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