Global Assets Advisory LLC Acquires 3,514 Shares of GE Vernova Inc. (NYSE:GEV)

Global Assets Advisory LLC lifted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 192.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,343 shares of the company's stock after purchasing an additional 3,514 shares during the quarter. Global Assets Advisory LLC's holdings in GE Vernova were worth $1,655,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GEV. MRP Capital Investments LLC purchased a new stake in shares of GE Vernova during the 4th quarter valued at $25,000. Fairway Wealth LLC increased its stake in GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after buying an additional 55 shares during the period. Navigoe LLC purchased a new position in GE Vernova in the 4th quarter valued at about $27,000. EQ Wealth Advisors LLC purchased a new stake in shares of GE Vernova during the first quarter worth about $27,000. Finally, Clarity Asset Management Inc. acquired a new position in shares of GE Vernova in the fourth quarter worth about $28,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price objective on GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a report on Tuesday. Robert W. Baird upped their price target on shares of GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Barclays raised their price objective on shares of GE Vernova from $500.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Finally, Glj Research began coverage on shares of GE Vernova in a report on Monday. They set a "buy" rating on the stock. Eight research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus price target of $429.13.

GE Vernova Stock Performance

Shares of NYSE GEV traded up $4.07 during trading on Thursday, hitting $506.74. The company had a trading volume of 2,204,658 shares, compared to its average volume of 3,266,450. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $522.97. The business's 50-day moving average is $436.25 and its 200 day moving average is $374.00. The company has a market cap of $138.30 billion, a P/E ratio of 73.02, a PEG ratio of 3.97 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The business had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same period last year, the company posted ($0.47) earnings per share. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. On average, research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently declared 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 0.20%. The ex-dividend date is Monday, July 21st. GE Vernova's dividend payout ratio is currently 14.41%.

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.