Lighthouse Financial LLC Invests $759,000 in GE Vernova Inc. (NYSE:GEV)

Lighthouse Financial LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,309 shares of the company's stock, valued at approximately $759,000. GE Vernova comprises 0.6% of Lighthouse Financial LLC's investment portfolio, making the stock its 28th largest holding.

Several other institutional investors have also added to or reduced their stakes in GEV. MRP Capital Investments LLC purchased a new stake in GE Vernova during the 4th quarter valued at $25,000. Fairway Wealth LLC boosted its stake in GE Vernova by 220.0% during the 4th 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 last quarter. Pineridge Advisors LLC boosted its stake in GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after purchasing an additional 69 shares during the last quarter. Navigoe LLC purchased a new stake in GE Vernova during the 4th quarter valued at $27,000. Finally, Clarity Asset Management Inc. purchased a new stake in GE Vernova during the 4th quarter valued at $28,000.

GE Vernova Stock Up 0.1%

NYSE:GEV traded up $0.39 on Friday, reaching $471.56. 5,090,753 shares of the company's stock traded hands, compared to its average volume of 3,356,777. The stock has a 50-day simple moving average of $371.84 and a 200-day simple moving average of $355.23. The firm has a market cap of $128.71 billion and a PE ratio of 84.81. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $489.13.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the previous year, the firm posted ($0.47) earnings per share. The business's revenue was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Wall Street Analyst Weigh In

GEV has been the topic of a number of research reports. BMO Capital Markets raised their price target on GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a research note on Friday. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Barclays raised their price target on GE Vernova from $427.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday. Robert W. Baird raised their price target on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, TD Cowen dropped their price target on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $385.78.

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.