Perfromance Wealth Partners LLC Grows Holdings in GE Vernova Inc. (NYSE:GEV)

Perfromance Wealth Partners LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 40.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 75,681 shares of the company's stock after purchasing an additional 21,800 shares during the period. GE Vernova makes up 0.8% of Perfromance Wealth Partners LLC's investment portfolio, making the stock its 17th largest holding. Perfromance Wealth Partners LLC's holdings in GE Vernova were worth $23,104,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. grew its holdings in shares of GE Vernova by 29.0% during the fourth quarter. Principal Securities Inc. now owns 1,892 shares of the company's stock worth $622,000 after buying an additional 425 shares during the last quarter. Grandview Asset Management LLC grew its stake in shares of GE Vernova by 48.8% in the 1st quarter. Grandview Asset Management LLC now owns 2,149 shares of the company's stock valued at $656,000 after purchasing an additional 705 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of GE Vernova by 79.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock valued at $67,622,000 after purchasing an additional 98,034 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of GE Vernova by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 32,340 shares of the company's stock valued at $9,872,000 after purchasing an additional 910 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of GE Vernova by 104.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 8,661 shares of the company's stock worth $2,644,000 after purchasing an additional 4,429 shares during the last quarter.

GE Vernova Trading Down 0.8%

Shares of GEV opened at $486.41 on Friday. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $500.72. The stock has a market cap of $132.76 billion, a P/E ratio of 70.09, a PEG ratio of 3.81 and a beta of 1.97. The company has a 50-day moving average of $425.55 and a two-hundred day moving average of $370.71.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data 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 10.10% and a net margin of 5.42%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the previous year, the firm posted ($0.47) EPS. The company's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were given 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 is currently 14.41%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GEV shares. Bank of America lifted their price objective on shares of GE Vernova from $520.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. New Street Research set a $380.00 target price on shares of GE Vernova in a report on Wednesday, March 5th. Susquehanna reissued a "positive" rating and set a $499.00 price target (up from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Robert W. Baird lifted their price objective on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group boosted their target price on GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $404.56.

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.

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