GE Vernova Inc. (NYSE:GEV) Shares Bought by Schear Investment Advisers LLC

Schear Investment Advisers LLC grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 23.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,640 shares of the company's stock after purchasing an additional 2,241 shares during the quarter. GE Vernova accounts for 2.0% of Schear Investment Advisers LLC's investment portfolio, making the stock its 12th biggest position. Schear Investment Advisers LLC's holdings in GE Vernova were worth $3,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after acquiring an additional 753 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in GE Vernova in the fourth quarter valued at about $287,000. American Assets Inc. bought a new stake in GE Vernova in the fourth quarter valued at about $658,000. Avantax Advisory Services Inc. increased its holdings in GE Vernova by 2.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,433 shares of the company's stock valued at $2,445,000 after buying an additional 153 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in GE Vernova by 2.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,106 shares of the company's stock valued at $1,022,000 after buying an additional 81 shares during the last quarter.

GE Vernova Stock Down 0.1%

GEV opened at $538.95 on Friday. The stock has a fifty day moving average of $476.87 and a 200-day moving average of $389.85. The firm has a market capitalization of $147.10 billion, a P/E ratio of 77.66, a PEG ratio of 4.15 and a beta of 1.86. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $546.65.

GE Vernova (NYSE:GEV - Get Free Report) last released its 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. The company had revenue of $8.03 billion during 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 company's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.47) earnings per share. On average, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. GE Vernova's payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen raised GE Vernova from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Guggenheim reaffirmed a "buy" rating and set a $380.00 target price on shares of GE Vernova in a report on Thursday, April 24th. The Goldman Sachs Group upped their target price on GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Citigroup lowered their target price on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird upped their target price on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price 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.

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