Leavell Investment Management Inc. Increases Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Leavell Investment Management Inc. raised its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 8.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,892 shares of the company's stock after buying an additional 545 shares during the quarter. Leavell Investment Management Inc.'s holdings in GE Vernova were worth $2,104,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. MRP Capital Investments LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at approximately $25,000. Navigoe LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at approximately $27,000. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova in the 1st quarter valued at approximately $27,000. Clarity Asset Management Inc. bought a new stake in shares of GE Vernova in the 4th quarter valued at approximately $28,000. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of GE Vernova in the 4th quarter valued at approximately $30,000.

GE Vernova Trading Down 0.1%

Shares of NYSE:GEV traded down $0.41 on Friday, reaching $538.95. The company had a trading volume of 2,285,780 shares, compared to its average volume of 3,325,574. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $546.65. The firm's 50 day simple moving average is $476.87 and its 200-day simple moving average is $390.18. The firm has a market capitalization of $147.10 billion, a PE ratio of 77.66, a PEG ratio of 4.01 and a beta of 1.86.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same period last year, the business posted ($0.47) EPS. The business's revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors 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 0.19%. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Bank of America raised their price objective on GE Vernova from $520.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Wolfe Research lowered GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Barclays raised their price target on GE Vernova from $550.00 to $580.00 and gave the stock an "overweight" rating in a research note on Wednesday. Citigroup decreased their price target on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen raised GE Vernova from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $451.38.

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.