Capital Investment Advisory Services LLC Has $630,000 Stock Position in GE Vernova Inc. (NYSE:GEV)

Capital Investment Advisory Services LLC raised its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 41.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,064 shares of the company's stock after buying an additional 604 shares during the quarter. Capital Investment Advisory Services LLC's holdings in GE Vernova were worth $630,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of GE Vernova in the 4th quarter valued at approximately $1,109,720,000. Capital International Investors boosted 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 worth $4,886,164,000 after acquiring an additional 2,994,660 shares during the last quarter. GAMMA Investing LLC boosted its position 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 worth $653,769,000 after acquiring an additional 2,135,066 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in GE Vernova by 1,638.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock worth $432,309,000 after acquiring an additional 1,238,690 shares during the last quarter. Finally, FMR LLC boosted its position in GE Vernova by 3.4% during the 4th quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after acquiring an additional 814,155 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GEV. Guggenheim reaffirmed a "buy" rating and set a $380.00 price target on shares of GE Vernova in a research report on Thursday, April 24th. Glj Research began coverage on GE Vernova in a research report on Monday, June 23rd. They set a "buy" rating for the company. Robert W. Baird upped their price target on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. TD Cowen cut their price objective on GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Royal Bank Of Canada cut their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $447.29.

GE Vernova Trading Down 2.7%

GEV stock traded down $14.40 during trading hours on Tuesday, hitting $515.88. 958,568 shares of the stock were exchanged, compared to its average volume of 3,746,869. The firm has a market capitalization of $140.80 billion, a P/E ratio of 74.33, a P/E/G ratio of 3.98 and a beta of 1.86. The company has a 50-day simple moving average of $464.41 and a two-hundred day simple moving average of $384.86. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $537.22.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping 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 return on equity of 10.10% and a net margin of 5.42%. The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.47) EPS. 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 business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be issued 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 (DPR) is currently 14.41%.

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.