J.W. Cole Advisors Inc. Has $3.81 Million Holdings in GE Vernova Inc. (NYSE:GEV)

J.W. Cole Advisors Inc. boosted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 167.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,483 shares of the company's stock after buying an additional 7,816 shares during the period. J.W. Cole Advisors Inc.'s holdings in GE Vernova were worth $3,811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in GE Vernova in the fourth quarter valued at $1,109,720,000. Capital International Investors increased its position in shares of GE Vernova by 25.3% during the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company's stock worth $4,886,164,000 after acquiring an additional 2,994,660 shares in the last quarter. GAMMA Investing LLC increased its position in shares of GE Vernova by 32,984.2% during the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after acquiring an additional 2,135,066 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of GE Vernova by 1,638.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock worth $432,309,000 after acquiring an additional 1,238,690 shares in the last quarter. Finally, FMR LLC increased its position in shares of GE Vernova by 3.4% during the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after acquiring an additional 814,155 shares in the last quarter.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $575.02 on Monday. The stock's 50-day moving average is $493.30 and its 200-day moving average is $398.31. The firm has a market cap of $156.94 billion, a price-to-earnings ratio of 82.86, a price-to-earnings-growth ratio of 4.33 and a beta of 1.86. GE Vernova Inc. has a one year low of $150.01 and a one year high of $589.44.

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

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is currently 14.41%.

Analyst Ratings Changes

Several research firms have recently commented on GEV. Wall Street Zen raised shares of GE Vernova from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Truist Financial set a $440.00 target price on shares of GE Vernova in a research report on Thursday, March 27th. Citigroup reaffirmed a "neutral" rating and issued a $544.00 price objective (up from $354.00) on shares of GE Vernova in a research report on Monday, July 14th. UBS Group started coverage on shares of GE Vernova in a research note on Monday, July 7th. They issued a "buy" rating and a $614.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $460.00 to $620.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $468.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.