NBC Securities Inc. Has $509,000 Stock Position in GE Vernova Inc. (NYSE:GEV)

NBC Securities Inc. increased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 166,700.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,668 shares of the company's stock after buying an additional 1,667 shares during the period. NBC Securities Inc.'s holdings in GE Vernova were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GEV. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC raised its position 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 buying an additional 55 shares in the last quarter. Pineridge Advisors LLC raised its position in shares of GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after buying an additional 69 shares in the last quarter. Navigoe LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at approximately $27,000. Finally, Clarity Asset Management Inc. acquired a new stake in shares of GE Vernova in the fourth quarter valued at approximately $28,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada decreased their price objective on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Guggenheim reissued a "buy" rating and issued a $380.00 price objective on shares of GE Vernova in a research note on Thursday, April 24th. CICC Research assumed coverage on shares of GE Vernova in a research note on Wednesday, February 19th. They issued an "outperform" rating on the stock. Finally, Morgan Stanley reissued an "overweight" rating and issued a $422.00 price objective (up from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $385.78.

GE Vernova Stock Performance

Shares of NYSE:GEV traded up $2.75 during mid-day trading on Friday, reaching $487.06. 2,099,918 shares of the company's stock were exchanged, compared to its average volume of 3,298,018. The firm has a market capitalization of $132.94 billion, a price-to-earnings ratio of 87.60, a PEG ratio of 3.03 and a beta of 1.97. The business's fifty day moving average price is $389.72 and its 200-day moving average price is $360.64. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $500.72.

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

GE Vernova Dividend Announcement

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

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.