GE Vernova Inc. (NYSE:GEV) Shares Purchased by Optimum Investment Advisors

Optimum Investment Advisors lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 135.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,174 shares of the company's stock after acquiring an additional 1,827 shares during the period. Optimum Investment Advisors' holdings in GE Vernova were worth $969,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GEV. MRP Capital Investments LLC bought a new position in shares of GE Vernova during the 4th quarter valued at approximately $25,000. Fairway Wealth LLC grew its position in shares of 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 acquiring an additional 55 shares during the period. Navigoe LLC bought a new position in shares of GE Vernova during the 4th quarter valued at approximately $27,000. Clarity Asset Management Inc. bought a new position in shares of GE Vernova during the 4th quarter valued at approximately $28,000. Finally, Orion Capital Management LLC bought a new position in shares of GE Vernova during the 4th quarter valued at approximately $30,000.

Analysts Set New Price Targets

GEV has been the topic of a number of recent research reports. Bank of America upped their price target on shares of GE Vernova from $520.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Citigroup dropped their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and upped their price target for the company from $427.00 to $517.00 in a research note on Thursday, May 29th. Royal Bank Of Canada dropped their price target 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. Finally, TD Cowen dropped their price target on shares of 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $451.38.

GE Vernova Stock Performance

GEV stock traded down $0.41 during trading on Friday, reaching $538.95. The company had a trading volume of 2,285,780 shares, compared to its average volume of 3,325,574. The firm has a 50-day simple moving average of $476.87 and a 200-day simple moving average of $389.85. The company has a market cap of $147.10 billion, a price-to-earnings ratio of 77.66, a price-to-earnings-growth ratio of 4.15 and a beta of 1.86. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $546.65.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period last year, the firm posted ($0.47) EPS. GE Vernova's revenue for the quarter was up 10.6% compared to the same quarter last year. Sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Monday, July 21st. GE Vernova's dividend payout ratio 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.