Western Wealth Management LLC Acquires 754 Shares of GE Vernova Inc. (NYSE:GEV)

Western Wealth Management LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 26.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,603 shares of the company's stock after purchasing an additional 754 shares during the period. Western Wealth Management LLC's holdings in GE Vernova were worth $1,100,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GEV. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of GE Vernova by 79.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock worth $67,622,000 after acquiring an additional 98,034 shares during the period. Grandview Asset Management LLC raised its position in GE Vernova by 48.8% in the first 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. State of Alaska Department of Revenue raised its position in GE Vernova by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 32,340 shares of the company's stock worth $9,872,000 after purchasing an additional 910 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in GE Vernova by 21.3% during the first quarter. Flagship Harbor Advisors LLC now owns 2,435 shares of the company's stock worth $743,000 after purchasing an additional 427 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in GE Vernova by 104.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 8,661 shares of the company's stock valued at $2,644,000 after purchasing an additional 4,429 shares in the last quarter.

GE Vernova Stock Up 2.7%

GEV stock traded up $13.75 during trading on Friday, hitting $520.56. The company had a trading volume of 9,147,914 shares, compared to its average volume of 3,289,885. The firm has a 50-day moving average price of $439.93 and a 200-day moving average price of $375.18. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $532.52. The stock has a market cap of $142.08 billion, a price-to-earnings ratio of 75.01, a PEG ratio of 3.90 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 10.10% and a net margin of 5.42%. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.47) earnings per share. Equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Monday, July 21st. GE Vernova's dividend payout ratio is 14.41%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Susquehanna reiterated a "positive" rating and issued a $499.00 price objective (up from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. Robert W. Baird upped their price target on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. New Street Research set a $380.00 price objective on GE Vernova in a research note on Wednesday, March 5th. Morgan Stanley lifted their price objective on GE Vernova from $422.00 to $511.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Glj Research started coverage on shares of GE Vernova in a report on Monday. They issued a "buy" rating on the stock. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $429.13.

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.