Integrated Investment Consultants LLC Has $380,000 Position in GE Vernova Inc. (NYSE:GEV)

Key Points

• Integrated Investment Consultants LLC increased its stake in GE Vernova Inc. by 96.8% during Q1, owning 1,246 shares valued at approximately $380,000.
• GE Vernova recently reported earnings of $1.86 per share for the quarter, surpassing estimates and showing an 11.1% year-over-year revenue increase to $9.11 billion.
• The company announced a quarterly dividend of $0.25, reflecting an annualized yield of 0.16% and a dividend payout ratio of 24.10%.

Integrated Investment Consultants LLC boosted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 96.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,246 shares of the company's stock after buying an additional 613 shares during the quarter. Integrated Investment Consultants LLC's holdings in GE Vernova were worth $380,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its stake in shares of GE Vernova by 627.2% in the 1st quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock valued at $282,946,000 after purchasing an additional 799,388 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of GE Vernova by 92.8% in the first quarter. HB Wealth Management LLC now owns 11,470 shares of the company's stock valued at $3,502,000 after acquiring an additional 5,521 shares in the last quarter. Mediolanum International Funds Ltd boosted its holdings in shares of GE Vernova by 1,056.3% in the first quarter. Mediolanum International Funds Ltd now owns 56,889 shares of the company's stock valued at $17,233,000 after acquiring an additional 51,969 shares in the last quarter. First Heartland Consultants Inc. boosted its holdings in shares of GE Vernova by 20.0% in the first quarter. First Heartland Consultants Inc. now owns 1,336 shares of the company's stock valued at $408,000 after acquiring an additional 223 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of GE Vernova by 1.3% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 55,533 shares of the company's stock valued at $16,953,000 after acquiring an additional 733 shares in the last quarter.

GE Vernova Stock Up 2.9%

NYSE GEV traded up $18.20 during midday trading on Wednesday, hitting $650.87. The company had a trading volume of 1,489,706 shares, compared to its average volume of 3,670,579. The stock has a market cap of $177.18 billion, a price-to-earnings ratio of 156.84, a P/E/G ratio of 4.48 and a beta of 1.86. The firm has a fifty day simple moving average of $518.51 and a two-hundred day simple moving average of $410.15. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $656.17.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $4.65 EPS. As a group, equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

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 given a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.15%. GE Vernova's dividend payout ratio (DPR) is currently 24.10%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Cowen raised their target price on shares of GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Morgan Stanley increased their target price on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Barclays increased their target price on shares of GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. Finally, Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and an average price target of $560.21.

GE Vernova Company 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.