GE Vernova Inc. (NYSE:GEV) Stock Position Lifted by Trivium Point Advisory LLC

Trivium Point Advisory LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 330.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,718 shares of the company's stock after purchasing an additional 2,086 shares during the quarter. Trivium Point Advisory LLC's holdings in GE Vernova were worth $830,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kovitz Investment Group Partners LLC boosted its stake in GE Vernova by 11.5% during the first quarter. Kovitz Investment Group Partners LLC now owns 7,170 shares of the company's stock valued at $2,189,000 after buying an additional 737 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in GE Vernova by 1,497.9% during the first quarter. Cookson Peirce & Co. Inc. now owns 29,385 shares of the company's stock valued at $8,971,000 after buying an additional 27,546 shares in the last quarter. OneAscent Investment Solutions LLC bought a new position in GE Vernova during the first quarter valued at about $313,000. Sit Investment Associates Inc. bought a new position in GE Vernova during the first quarter valued at about $1,632,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. bought a new position in GE Vernova during the first quarter valued at about $305,000.

GE Vernova Trading Down 1.5%

Shares of GE Vernova stock opened at $624.93 on Friday. The stock has a 50-day moving average price of $560.87 and a 200 day moving average price of $431.14. The company has a market cap of $170.12 billion, a P/E ratio of 150.58, a P/E/G ratio of 4.38 and a beta of 1.90. GE Vernova Inc. has a 1 year low of $173.07 and a 1 year high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data 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. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the prior year, the business earned $4.65 EPS. The business's revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio is presently 24.10%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GEV. JPMorgan Chase & Co. raised their target price on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Robert W. Baird raised their target price on GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, Bank of America raised their target price on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $560.21.

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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