GE Vernova Inc. (NYSE:GEV) Shares Purchased by Park Edge Advisors LLC

Park Edge Advisors LLC raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 54.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,146 shares of the company's stock after acquiring an additional 758 shares during the quarter. Park Edge Advisors LLC's holdings in GE Vernova were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. MRP Capital Investments LLC purchased a new stake in GE Vernova in the 4th quarter valued at about $25,000. Fairway Wealth LLC increased its holdings in GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after purchasing an additional 55 shares during the period. Pineridge Advisors LLC raised its position 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 in the last quarter. Navigoe LLC bought a new stake in GE Vernova during the 4th quarter valued at $27,000. Finally, Clarity Asset Management Inc. purchased a new stake in shares of GE Vernova in the 4th quarter worth $28,000.

GE Vernova Price Performance

GEV traded down $3.98 on Thursday, reaching $484.15. 2,442,463 shares of the stock were exchanged, compared to its average volume of 3,329,305. The company's 50-day moving average price is $382.72 and its 200 day moving average price is $358.53. The firm has a market capitalization of $132.14 billion, a PE ratio of 87.08, a PEG ratio of 3.03 and a beta of 1.97. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week 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 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the prior year, the company earned ($0.47) EPS. GE Vernova's quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova's dividend payout ratio is currently 14.41%.

Analysts Set New Price Targets

Several brokerages have recently commented on GEV. Jefferies Financial Group lowered GE Vernova from a "buy" rating to a "hold" rating and raised their price target for the company from $427.00 to $517.00 in a research note on Thursday, May 29th. Baird R W upgraded shares of GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. Johnson Rice began coverage on shares of GE Vernova in a research note on Friday, February 7th. They set a "buy" rating and a $425.00 price objective on the stock. Barclays lifted their price objective on shares of GE Vernova from $427.00 to $500.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, Susquehanna restated a "positive" rating and set a $499.00 target price (up previously from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. 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.com, GE Vernova has an average rating of "Moderate Buy" and a consensus target price 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.