Kestra Private Wealth Services LLC Buys 6,369 Shares of GE Vernova Inc. $GEV

Kestra Private Wealth Services LLC increased its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 61.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,681 shares of the company's stock after purchasing an additional 6,369 shares during the period. Kestra Private Wealth Services LLC's holdings in GE Vernova were worth $10,902,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Voisard Asset Management Group Inc. raised its position in GE Vernova by 2.7% in the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company's stock worth $376,000 after purchasing an additional 15 shares during the last quarter. Clean Yield Group raised its position in GE Vernova by 2.2% in the 4th quarter. Clean Yield Group now owns 685 shares of the company's stock worth $448,000 after purchasing an additional 15 shares during the last quarter. Sutton Place Investors LLC raised its position in GE Vernova by 3.1% in the 4th quarter. Sutton Place Investors LLC now owns 531 shares of the company's stock worth $347,000 after purchasing an additional 16 shares during the last quarter. Washburn Capital Management Inc. raised its position in GE Vernova by 0.3% in the 4th quarter. Washburn Capital Management Inc. now owns 4,735 shares of the company's stock worth $3,095,000 after purchasing an additional 16 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its position in GE Vernova by 0.6% in the 4th quarter. Evergreen Capital Management LLC now owns 2,602 shares of the company's stock worth $1,701,000 after purchasing an additional 16 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on GEV shares. Erste Group Bank upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Tuesday, March 24th. Evercore upped their target price on shares of GE Vernova from $860.00 to $905.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. UBS Group reiterated a "buy" rating on shares of GE Vernova in a research report on Thursday, January 29th. BNP Paribas Exane cut shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $1,190.00 target price for the company. in a research report on Monday. Finally, Citigroup upped their target price on shares of GE Vernova from $779.00 to $1,110.00 and gave the company a "neutral" rating in a research report on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,090.76.

GE Vernova Price Performance

Shares of GEV stock opened at $1,119.23 on Tuesday. GE Vernova Inc. has a 12-month low of $357.64 and a 12-month high of $1,181.95. The firm has a market capitalization of $300.76 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 4.40 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $904.12 and a 200-day moving average of $736.19.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping the consensus estimate of $1.95 by $15.49. The firm had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company's revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. On average, equities research analysts forecast that GE Vernova Inc. will post 14.5 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 17th. GE Vernova's dividend payout ratio is 5.83%.

GE Vernova Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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