Insigneo Advisory Services LLC Has $496,000 Stake in GE Vernova Inc. (NYSE:GEV)

Insigneo Advisory Services LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 98.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,626 shares of the company's stock after purchasing an additional 807 shares during the quarter. Insigneo Advisory Services LLC's holdings in GE Vernova were worth $496,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MRP Capital Investments LLC acquired a new position in GE Vernova during the fourth quarter worth $25,000. Fairway Wealth LLC lifted its stake in GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. Navigoe LLC acquired a new stake in GE Vernova in the fourth quarter valued at $27,000. Clarity Asset Management Inc. acquired a new stake in GE Vernova in the fourth quarter valued at $28,000. Finally, Pinpoint Asset Management Ltd acquired a new stake in GE Vernova in the fourth quarter valued at $30,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GEV shares. Susquehanna reiterated a "positive" rating and issued a $499.00 price target (up previously from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. Morgan Stanley reiterated an "overweight" rating and issued a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Truist Financial set a $440.00 price target on shares of GE Vernova in a research note on Thursday, March 27th. Bank of America increased their price target on shares of GE Vernova from $520.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Finally, New Street Research set a $380.00 price target on shares of GE Vernova in a research note on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and an average price target of $404.56.

GE Vernova Stock Performance

Shares of GE Vernova stock traded down $3.78 during midday trading on Friday, hitting $486.41. 4,002,218 shares of the company traded hands, compared to its average volume of 3,269,632. The stock has a market cap of $132.76 billion, a price-to-earnings ratio of 70.09, a PEG ratio of 3.81 and a beta of 1.97. The firm's fifty day moving average price is $425.55 and its 200-day moving average price is $370.71. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $500.72.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the firm posted ($0.47) EPS. The firm's revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

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