Dynamic Advisor Solutions LLC Buys 4,429 Shares of GE Vernova Inc. (NYSE:GEV)

Dynamic Advisor Solutions LLC boosted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 104.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,661 shares of the company's stock after buying an additional 4,429 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in GE Vernova were worth $2,644,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of GE Vernova by 29.4% during the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after acquiring an additional 753 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of GE Vernova by 3.5% in the fourth quarter. Valeo Financial Advisors LLC now owns 6,462 shares of the company's stock worth $2,125,000 after purchasing an additional 220 shares during the period. WASHINGTON TRUST Co lifted its position in shares of GE Vernova by 1.9% during the 4th quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock worth $560,000 after purchasing an additional 31 shares during the last quarter. Beacon Capital Management LLC lifted its position in shares of GE Vernova by 75.5% during the 4th quarter. Beacon Capital Management LLC now owns 172 shares of the company's stock worth $57,000 after purchasing an additional 74 shares during the last quarter. Finally, Everhart Financial Group Inc. boosted its stake in GE Vernova by 11.0% during the 4th quarter. Everhart Financial Group Inc. now owns 3,710 shares of the company's stock valued at $1,220,000 after purchasing an additional 368 shares during the period.

Analyst Ratings Changes

GEV has been the topic of several research reports. Royal Bank of Canada lowered their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Jefferies Financial Group cut GE Vernova from a "buy" rating to a "hold" rating and raised their target price for the stock from $427.00 to $517.00 in a research report on Thursday, May 29th. The Goldman Sachs Group boosted their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Bank of America raised their price objective on shares of GE Vernova from $520.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Wolfe Research cut shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday. Eight analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $404.56.

GE Vernova Price Performance

GE Vernova stock traded up $9.24 during trading hours on Monday, reaching $487.69. The company had a trading volume of 2,130,101 shares, compared to its average volume of 3,276,697. The company has a 50-day moving average price of $408.13 and a 200 day moving average price of $365.83. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $500.72. The firm has a market cap of $133.11 billion, a price-to-earnings ratio of 87.71, a P/E/G ratio of 3.03 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter last year, the firm posted ($0.47) earnings per share. The company's revenue for the quarter was up 10.6% on a year-over-year basis. As a group, research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova's payout ratio is currently 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.