Koss Olinger Consulting LLC Purchases Shares of 1,848 GE Vernova Inc. (NYSE:GEV)

Key Points

• Koss Olinger Consulting LLC has acquired a new stake in GE Vernova Inc., purchasing 1,848 shares valued at approximately $564,000.
• Several institutional investors recently purchased shares in GE Vernova, with buy ratings and upgraded price targets from firms like TD Cowen and Bank of America, indicating growing confidence in the company's future.
• GE Vernova declared a quarterly dividend of $0.25, which will be paid on August 18th, representing an annualized dividend of $1.00 with a yield of 0.2%.

Koss Olinger Consulting LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,848 shares of the company's stock, valued at approximately $564,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of GE Vernova by 1.8% during the first quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock valued at $7,446,577,000 after buying an additional 432,830 shares during the last quarter. Capital International Investors grew its position in shares of GE Vernova by 25.3% during the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock valued at $4,886,164,000 after acquiring an additional 2,994,660 shares during the period. Goldman Sachs Group Inc. raised its position in shares of GE Vernova by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company's stock valued at $955,513,000 after buying an additional 214,483 shares in the last quarter. Northern Trust Corp grew its holdings in GE Vernova by 15.0% during the 4th quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock valued at $865,126,000 after purchasing an additional 343,837 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in GE Vernova by 32,984.2% in the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after purchasing an additional 2,135,066 shares during the period.

GE Vernova Trading Up 0.3%

Shares of GE Vernova stock traded up $1.66 during trading hours on Monday, reaching $650.75. The stock had a trading volume of 1,686,590 shares, compared to its average volume of 2,873,287. The stock's 50 day moving average is $551.84 and its 200 day moving average is $426.07. The firm has a market capitalization of $177.15 billion, a PE ratio of 156.81, a PEG ratio of 4.49 and a beta of 1.90. GE Vernova Inc. has a twelve month low of $173.07 and a twelve month high of $677.29.

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

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio is 24.10%.

Analyst Ratings Changes

GEV has been the topic of a number of recent analyst reports. Robert W. Baird increased their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Morgan Stanley upped their target price on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. 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. Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, Barclays upped their target price on shares of GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and an average price target of $560.21.

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.