Avior Wealth Management LLC lifted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 42.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,393 shares of the company's stock after purchasing an additional 1,016 shares during the quarter. Avior Wealth Management LLC's holdings in GE Vernova were worth $1,036,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC grew its stake in shares of GE Vernova by 39.7% during the 1st quarter. ORG Partners LLC now owns 479 shares of the company's stock worth $148,000 after purchasing an additional 136 shares during the period. Vanderbilt University acquired a new stake in GE Vernova in the 1st quarter valued at $3,256,000. Blue Trust Inc. grew its stake in GE Vernova by 4.5% in the 1st quarter. Blue Trust Inc. now owns 2,117 shares of the company's stock valued at $646,000 after acquiring an additional 92 shares during the period. Plimoth Trust Co. LLC grew its stake in GE Vernova by 7.2% in the 1st quarter. Plimoth Trust Co. LLC now owns 3,515 shares of the company's stock valued at $1,073,000 after acquiring an additional 236 shares during the period. Finally, HCR Wealth Advisors grew its stake in GE Vernova by 24.7% in the 1st quarter. HCR Wealth Advisors now owns 993 shares of the company's stock valued at $303,000 after acquiring an additional 197 shares during the period.
GE Vernova Trading Down 0.8%
Shares of GEV stock opened at $486.41 on Friday. The company's 50-day moving average price is $425.55 and its 200-day moving average price is $370.90. The stock has a market cap of $132.76 billion, a price-to-earnings ratio of 70.09, a PEG ratio of 3.78 and a beta of 1.97. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $500.72.
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 for the quarter, beating the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.47) EPS. As a group, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.
GE Vernova Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. GE Vernova's payout ratio is 14.41%.
Analyst Ratings Changes
GEV has been the topic of a number of research analyst reports. Royal Bank Of Canada dropped their price target 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. Guggenheim reissued a "buy" rating and issued a $380.00 price target on shares of GE Vernova in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. BMO Capital Markets lifted their price target on shares of GE Vernova from $381.00 to $522.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Finally, Citigroup dropped their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $413.39.
Get Our Latest Report on GEV
GE Vernova Company Profile
(
Free Report)
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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