GE Vernova Inc. (NYSE:GEV) Shares Purchased by Xponance Inc.

Xponance Inc. raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,858 shares of the company's stock after purchasing an additional 688 shares during the period. Xponance Inc.'s holdings in GE Vernova were worth $11,557,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. MRP Capital Investments LLC acquired a new position in shares of GE Vernova in the 4th quarter valued at approximately $25,000. Navigoe LLC acquired a new position in shares of GE Vernova in the 4th quarter valued at approximately $27,000. EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova in the 1st quarter valued at approximately $27,000. Clarity Asset Management Inc. acquired a new position in shares of GE Vernova in the 4th quarter valued at approximately $28,000. Finally, Pinpoint Asset Management Ltd acquired a new position in shares of GE Vernova in the 4th quarter valued at approximately $30,000.

GE Vernova Stock Performance

NYSE:GEV opened at $538.95 on Friday. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $546.65. The stock has a market cap of $147.10 billion, a price-to-earnings ratio of 77.66, a PEG ratio of 4.15 and a beta of 1.86. The business has a fifty day moving average of $476.87 and a 200-day moving average of $389.56.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.54. The business 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 was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.47) earnings per share. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.19%. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GEV shares. Morgan Stanley upped their price target on GE Vernova from $422.00 to $511.00 and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Glj Research started coverage on GE Vernova in a research report on Monday, June 23rd. They set a "buy" rating on the stock. Barclays upped their price target on GE Vernova from $550.00 to $580.00 and gave the company an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada dropped their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Finally, Wall Street Zen raised GE Vernova from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $451.38.

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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