Level Four Advisory Services LLC Increases Stock Holdings in GE Vernova Inc. $GEV

Key Points

• Level Four Advisory Services LLC increased its holdings in GE Vernova Inc. by 15.8% in Q1, now owning 7,100 shares worth approximately $2.17 million.
• The company reported $1.86 EPS for the quarter, exceeding analyst expectations, with a revenue of $9.11 billion, up 11.1% year-over-year.
• GE Vernova recently announced a quarterly dividend of $0.25 per share, which translates to an annualized yield of 0.2% and a payout ratio of 24.10%.

Level Four Advisory Services LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,100 shares of the company's stock after purchasing an additional 968 shares during the quarter. Level Four Advisory Services LLC's holdings in GE Vernova were worth $2,168,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Westover Capital Advisors LLC increased its holdings in shares of GE Vernova by 2.3% in the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock valued at $345,000 after acquiring an additional 25 shares during the last quarter. Stonebridge Financial Group LLC increased its holdings in shares of GE Vernova by 8.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock valued at $105,000 after acquiring an additional 28 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of GE Vernova by 0.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock valued at $2,598,000 after acquiring an additional 30 shares during the last quarter. Hemington Wealth Management increased its holdings in shares of GE Vernova by 20.3% in the 1st quarter. Hemington Wealth Management now owns 178 shares of the company's stock valued at $54,000 after acquiring an additional 30 shares during the last quarter. Finally, Fulcrum Equity Management increased its holdings in shares of GE Vernova by 3.6% in the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company's stock valued at $291,000 after acquiring an additional 31 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen downgraded GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Barclays increased their price objective on GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Guggenheim downgraded GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. UBS Group assumed coverage on GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 price target on the stock. Finally, TD Cowen raised their price target on GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $560.21.

GE Vernova Stock Performance

GE Vernova stock traded up $0.1210 during mid-day trading on Friday, reaching $606.1210. 2,724,290 shares of the company were exchanged, compared to its average volume of 2,615,281. GE Vernova Inc. has a twelve month low of $173.07 and a twelve month high of $677.29. The firm's 50-day simple moving average is $576.57 and its two-hundred day simple moving average is $441.89. The firm has a market cap of $165.00 billion, a PE ratio of 146.05, a price-to-earnings-growth ratio of 4.20 and a beta of 1.90.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. The company had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

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.