GE Vernova Inc. (NYSE:GEV) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 154.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,310 shares of the company's stock after buying an additional 3,828 shares during the period. Kingswood Wealth Advisors LLC's holdings in GE Vernova were worth $1,959,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. MRP Capital Investments LLC purchased a new position in shares of GE Vernova during the 4th quarter worth $25,000. Fairway Wealth LLC grew its holdings in shares of 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 purchasing an additional 55 shares during the period. Navigoe LLC acquired a new stake in GE Vernova during the fourth quarter worth about $27,000. Clarity Asset Management Inc. acquired a new stake in GE Vernova during the fourth quarter worth about $28,000. Finally, Pinpoint Asset Management Ltd purchased a new position in GE Vernova during the fourth quarter worth about $30,000.

GE Vernova Price Performance

Shares of GEV stock traded up $1.46 during trading on Thursday, reaching $490.12. The company's stock had a trading volume of 2,239,101 shares, compared to its average volume of 3,269,642. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $500.72. The stock's 50-day moving average price is $418.66 and its 200 day moving average price is $368.60. The company has a market capitalization of $133.77 billion, a price-to-earnings ratio of 70.62, a P/E/G ratio of 3.79 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly 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 net margin of 5.42% and a return on equity of 10.10%. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. The company's quarterly revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were issued 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 0.20%. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Wall Street Analyst Weigh In

GEV has been the subject of several analyst reports. Susquehanna reissued 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. TD Cowen decreased their price objective on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Robert W. Baird increased their price objective on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Truist Financial set a $440.00 target price on GE Vernova in a research note on Thursday, March 27th. Finally, New Street Research set a $380.00 price target on GE Vernova in a research note on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $404.56.

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.