GE Vernova Inc. (NYSE:GEV) Shares Bought by PFG Advisors

PFG Advisors increased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 38.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,110 shares of the company's stock after purchasing an additional 1,150 shares during the quarter. PFG Advisors' holdings in GE Vernova were worth $1,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of GE Vernova in the fourth quarter worth $1,109,720,000. Capital International Investors grew its position in GE Vernova by 25.3% during the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock valued at $4,886,164,000 after purchasing an additional 2,994,660 shares during the last quarter. GAMMA Investing LLC increased its stake in GE Vernova by 32,984.2% during the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock valued at $653,769,000 after purchasing an additional 2,135,066 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in GE Vernova by 1,638.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock worth $432,309,000 after buying an additional 1,238,690 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of GE Vernova by 3.4% in the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after buying an additional 814,155 shares in the last quarter.

GE Vernova Trading Up 3.3%

GEV stock traded up $20.63 during mid-day trading on Friday, reaching $644.60. The company's stock had a trading volume of 3,598,352 shares, compared to its average volume of 3,205,434. The company's 50 day moving average is $510.80 and its two-hundred day moving average is $406.35. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $651.22. The stock has a market cap of $175.47 billion, a PE ratio of 155.33, a P/E/G ratio of 4.81 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last announced 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 return on equity of 13.23% and a net margin of 3.16%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.65 earnings per share. On average, analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.16%. GE Vernova's dividend payout ratio (DPR) is 24.10%.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a report on Thursday. Jefferies Financial Group downgraded GE Vernova from a "buy" rating to a "hold" rating and upped their price target for the company from $427.00 to $517.00 in a report on Thursday, May 29th. Wolfe Research downgraded GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Morgan Stanley boosted their price target on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and a consensus price target of $555.43.

GE Vernova 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.