Heck Capital Advisors LLC Has $38,000 Stake in GE Vernova Inc. (NYSE:GEV)

Key Points

• Heck Capital Advisors LLC significantly reduced its stake in GE Vernova Inc. by 88.2% in Q1, now owning only 125 shares valued at $38,000.
• GE Vernova shares have a market capitalization of $170.12 billion and reported a quarterly revenue of $9.11 billion, reflecting an 11.1% year-over-year increase.
• The company recently announced a quarterly dividend of $0.25 per share, with a yield of 0.2%, set to be paid on August 18th.

Heck Capital Advisors LLC reduced its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 88.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125 shares of the company's stock after selling 933 shares during the period. Heck Capital Advisors LLC's holdings in GE Vernova were worth $38,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC raised its stake in GE Vernova by 2.3% during the first quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock worth $345,000 after acquiring an additional 25 shares during the period. Stonebridge Financial Group LLC raised its stake in GE Vernova by 8.9% during the first quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock worth $105,000 after acquiring an additional 28 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in GE Vernova by 0.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock worth $2,598,000 after acquiring an additional 30 shares during the period. Hemington Wealth Management raised its stake in GE Vernova by 20.3% during the first quarter. Hemington Wealth Management now owns 178 shares of the company's stock worth $54,000 after acquiring an additional 30 shares during the period. Finally, Fulcrum Equity Management raised its stake in GE Vernova by 3.6% during the fourth quarter. Fulcrum Equity Management now owns 886 shares of the company's stock worth $291,000 after acquiring an additional 31 shares during the period.

GE Vernova Stock Down 0.7%

NYSE:GEV traded down $4.07 during trading hours on Friday, reaching $621.20. 2,485,806 shares of the company's stock were exchanged, compared to its average volume of 2,892,794. The company has a market capitalization of $169.10 billion, a P/E ratio of 149.69, a price-to-earnings-growth ratio of 4.32 and a beta of 1.90. GE Vernova Inc. has a 12 month low of $173.07 and a 12 month high of $677.29. The business's 50-day simple moving average is $563.55 and its two-hundred day simple moving average is $432.98.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. The firm had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $4.65 earnings per share. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

Analyst Ratings Changes

Several research firms recently weighed in on GEV. Wall Street Zen lowered shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Morgan Stanley raised their price target on shares of GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Jefferies Financial Group lowered shares of GE Vernova from a "buy" rating to a "hold" rating and raised their price target for the company from $427.00 to $517.00 in a research note on Thursday, May 29th. Finally, Citigroup raised their price target on shares of GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Ten investment 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 company's stock. Based on data from MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and an average target price of $560.21.

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.