GAMMA Investing LLC Has $2.14 Million Stock Position in GE Vernova Inc. (NYSE:GEV)

GAMMA Investing LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,015 shares of the company's stock after acquiring an additional 542 shares during the period. GAMMA Investing LLC's holdings in GE Vernova were worth $2,142,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC grew its holdings in GE Vernova by 2.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 3,298 shares of the company's stock valued at $1,007,000 after purchasing an additional 83 shares during the last quarter. Parisi Gray Wealth Management raised its holdings in GE Vernova by 4.4% in the 1st quarter. Parisi Gray Wealth Management now owns 1,631 shares of the company's stock worth $498,000 after acquiring an additional 69 shares during the period. Pallas Capital Advisors LLC raised its holdings in GE Vernova by 161.8% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,987 shares of the company's stock worth $1,522,000 after acquiring an additional 3,082 shares during the period. Farther Finance Advisors LLC lifted its position in GE Vernova by 13.0% during the 1st quarter. Farther Finance Advisors LLC now owns 4,113 shares of the company's stock worth $1,298,000 after acquiring an additional 473 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its holdings in GE Vernova by 13.7% during the first quarter. Daymark Wealth Partners LLC now owns 7,010 shares of the company's stock valued at $2,140,000 after acquiring an additional 842 shares during the period.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Robert W. Baird raised 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. Morgan Stanley boosted their target price on shares of GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. Bank of America upped their target price on shares of GE Vernova from $520.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. The Goldman Sachs Group raised their price target on shares of GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $429.13.

GE Vernova Trading Down 1.5%

Shares of GEV traded down $7.80 during mid-day trading on Wednesday, hitting $498.21. 2,222,770 shares of the company traded hands, compared to its average volume of 3,296,913. The business has a 50-day moving average of $451.78 and a 200 day moving average of $379.33. GE Vernova Inc. has a one year low of $150.01 and a one year high of $532.59. The stock has a market capitalization of $135.98 billion, a price-to-earnings ratio of 71.79, a PEG ratio of 4.11 and a beta of 1.87.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The firm had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same period last year, the firm earned ($0.47) earnings per share. The business's revenue for the quarter was up 10.6% on a year-over-year basis. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share 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 $0.25 dividend. 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 (DPR) is presently 14.41%.

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.