GE Vernova Inc. (NYSE:GEV) Shares Acquired by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in GE Vernova Inc. by 170.5% in Q1, now owning approximately 353,202 shares valued at $107.8 million.
• GE Vernova reported a quarterly earnings of $1.86 EPS, exceeding estimates and achieving year-over-year revenue growth of 11.1%.
• The company has recently announced a quarterly dividend of $0.25 per share, with an annualized yield of 0.2%.

Blair William & Co. IL boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 170.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 353,202 shares of the company's stock after acquiring an additional 222,607 shares during the period. Blair William & Co. IL owned about 0.13% of GE Vernova worth $107,826,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GEV. Golden State Wealth Management LLC lifted its position in GE Vernova by 201.7% during the first 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 acquiring an additional 98,034 shares during the period. Grandview Asset Management LLC boosted its stake in shares of GE Vernova by 48.8% in the first quarter. Grandview Asset Management LLC now owns 2,149 shares of the company's stock valued at $656,000 after purchasing an additional 705 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of GE Vernova during the first quarter valued at about $328,000. Finally, GAMMA Investing LLC grew its stake in GE Vernova by 8.4% during the 1st quarter. GAMMA Investing LLC now owns 7,015 shares of the company's stock valued at $2,142,000 after purchasing an additional 542 shares in the last quarter.

GE Vernova Stock Performance

NYSE GEV opened at $656.66 on Friday. The company has a fifty day moving average of $530.40 and a 200-day moving average of $415.97. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $677.29. The company has a market capitalization of $178.76 billion, a P/E ratio of 158.23, a P/E/G ratio of 4.54 and a beta of 1.90.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 earnings per share. As a group, analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's payout ratio is 24.10%.

Analysts Set New Price Targets

Several brokerages recently weighed in on GEV. BMO Capital Markets boosted their price objective on GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. UBS Group began coverage on shares of GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 target price for the company. Barclays lifted their price target on GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have assigned 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 price target of $560.21.

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.

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