Graybill Wealth Management LTD. Takes $2.13 Million Position in GE Vernova Inc. (NYSE:GEV)

Graybill Wealth Management LTD. purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,989 shares of the company's stock, valued at approximately $2,134,000.

A number of other large investors have also recently bought and sold shares of the stock. Stonebridge Financial Group LLC grew its position in GE Vernova by 8.9% in the first quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock valued at $105,000 after acquiring an additional 28 shares during the period. Fulcrum Equity Management grew its position in GE Vernova by 3.6% in the fourth quarter. Fulcrum Equity Management now owns 886 shares of the company's stock valued at $291,000 after acquiring an additional 31 shares during the period. Dopkins Wealth Management LLC grew its position in GE Vernova by 4.9% in the first quarter. Dopkins Wealth Management LLC now owns 668 shares of the company's stock valued at $204,000 after acquiring an additional 31 shares during the period. Rothschild Investment LLC grew its position in GE Vernova by 1.7% in the first quarter. Rothschild Investment LLC now owns 1,965 shares of the company's stock valued at $600,000 after acquiring an additional 33 shares during the period. Finally, Johnson & White Wealth Management LLC boosted its stake in GE Vernova by 3.7% in the first quarter. Johnson & White Wealth Management LLC now owns 929 shares of the company's stock worth $284,000 after purchasing an additional 33 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Seaport Res Ptn upgraded GE Vernova to a "strong-buy" rating in a report on Thursday. TD Cowen cut their target price on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Bank of America increased their target price on GE Vernova from $520.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Truist Financial set a $440.00 target price on GE Vernova in a research note on Thursday, March 27th. Finally, Royal Bank Of Canada dropped their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and an average price target of $451.38.

GE Vernova Trading Down 0.1%

Shares of NYSE GEV opened at $538.95 on Monday. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $546.65. The stock has a 50 day moving average of $476.87 and a 200-day moving average of $390.18. The company has a market capitalization of $147.10 billion, a P/E ratio of 77.66, a P/E/G ratio of 4.01 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the previous year, the company posted ($0.47) EPS. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.19%. GE Vernova's payout ratio is currently 14.41%.

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.

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