1,076 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new position in 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 (SEC). The institutional investor purchased 1,076 shares of the company's stock, valued at approximately $328,000.

Several other institutional investors have also recently made changes to their positions in GEV. Fulcrum Equity Management grew its holdings in GE Vernova by 3.6% in the fourth quarter. Fulcrum Equity Management now owns 886 shares of the company's stock worth $291,000 after purchasing an additional 31 shares during the period. Dopkins Wealth Management LLC boosted its position in shares of GE Vernova by 4.9% in the 1st quarter. Dopkins Wealth Management LLC now owns 668 shares of the company's stock worth $204,000 after purchasing an additional 31 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of GE Vernova by 1.7% in the 1st quarter. Rothschild Investment LLC now owns 1,965 shares of the company's stock worth $600,000 after purchasing an additional 33 shares in the last quarter. Johnson & White Wealth Management LLC grew its stake in shares of GE Vernova by 3.7% in the 1st quarter. Johnson & White Wealth Management LLC now owns 929 shares of the company's stock worth $284,000 after buying an additional 33 shares during the last quarter. Finally, NewSquare Capital LLC increased its position in GE Vernova by 32.4% during the 4th quarter. NewSquare Capital LLC now owns 139 shares of the company's stock valued at $46,000 after buying an additional 34 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GEV shares. Jefferies Financial Group cut GE Vernova from a "buy" rating to a "hold" rating and lifted their price objective for the company from $427.00 to $517.00 in a research note on Thursday, May 29th. Guggenheim restated a "buy" rating and set a $380.00 price target on shares of GE Vernova in a report on Thursday, April 24th. Barclays upped their price target on shares of GE Vernova from $500.00 to $550.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Truist Financial set a $440.00 price objective on shares of GE Vernova in a research report on Thursday, March 27th. Finally, TD Cowen decreased their target price on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and a consensus target price of $429.13.

GE Vernova Stock Performance

Shares of NYSE GEV traded down $1.18 during midday trading on Wednesday, hitting $504.82. 3,388,680 shares of the company's stock traded hands, compared to its average volume of 3,304,755. The firm has a fifty day moving average of $451.78 and a 200 day moving average of $379.33. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $532.59. The stock has a market capitalization of $137.78 billion, a price-to-earnings ratio of 136.76, a price-to-earnings-growth ratio of 3.90 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $7.56 billion. During the same period in the prior year, the company earned ($0.47) earnings per share. The firm's revenue was up 10.6% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. GE Vernova's dividend payout ratio (DPR) is 14.41%.

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.