Bleakley Financial Group LLC raised its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,773 shares of the company's stock after buying an additional 794 shares during the period. Bleakley Financial Group LLC's holdings in GE Vernova were worth $3,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings in GE Vernova by 201.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock worth $373,000 after acquiring an additional 817 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of GE Vernova by 79.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock valued at $67,622,000 after buying an additional 98,034 shares during the last quarter. Grandview Asset Management LLC lifted its position in shares of GE Vernova by 48.8% during the first quarter. Grandview Asset Management LLC now owns 2,149 shares of the company's stock valued at $656,000 after buying an additional 705 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of GE Vernova during the first quarter valued at about $328,000. Finally, GAMMA Investing LLC lifted its position in shares of GE Vernova by 8.4% during the first quarter. GAMMA Investing LLC now owns 7,015 shares of the company's stock valued at $2,142,000 after buying an additional 542 shares during the last quarter.
GE Vernova Stock Up 1.1%
Shares of GEV traded up $6.39 during trading hours on Friday, reaching $576.56. 1,267,385 shares of the company traded hands, compared to its average volume of 3,676,421. The stock has a fifty day simple moving average of $489.76 and a 200 day simple moving average of $395.72. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $581.27. The stock has a market capitalization of $157.36 billion, a PE ratio of 83.09, a price-to-earnings-growth ratio of 4.18 and a beta of 1.86.
GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.47) earnings per share. Research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.
GE Vernova Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.17%. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $460.00 to $620.00 and gave the company an "overweight" rating in a research note on Wednesday. UBS Group started coverage on shares of GE Vernova in a research note on Monday, July 7th. They issued a "buy" rating and a $614.00 price target on the stock. The Goldman Sachs Group raised their price objective on GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, TD Cowen decreased their price objective on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $468.88.
Read Our Latest Analysis on GEV
GE Vernova Profile
(
Free Report)
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.
Further Reading
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
