Princeton Capital Management LLC Buys 451 Shares of GE Vernova Inc. (NYSE:GEV)

Princeton Capital Management LLC increased its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,600 shares of the company's stock after purchasing an additional 451 shares during the quarter. GE Vernova comprises about 1.0% of Princeton Capital Management LLC's portfolio, making the stock its 18th biggest holding. Princeton Capital Management LLC's holdings in GE Vernova were worth $2,931,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC boosted its position in shares of GE Vernova by 8.9% in the first quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock valued at $105,000 after acquiring an additional 28 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of GE Vernova by 0.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock valued at $2,598,000 after purchasing an additional 30 shares in the last quarter. Fulcrum Equity Management raised its stake in shares of GE Vernova by 3.6% in the fourth quarter. Fulcrum Equity Management now owns 886 shares of the company's stock valued at $291,000 after purchasing an additional 31 shares in the last quarter. Dopkins Wealth Management LLC raised its stake in shares of GE Vernova by 4.9% in the first quarter. Dopkins Wealth Management LLC now owns 668 shares of the company's stock valued at $204,000 after purchasing an additional 31 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in shares of GE Vernova by 1.7% in the first quarter. Rothschild Investment LLC now owns 1,965 shares of the company's stock valued at $600,000 after purchasing an additional 33 shares in the last quarter.

GE Vernova Stock Up 3.3%

Shares of GEV stock traded up $20.63 during trading on Friday, reaching $644.60. 3,598,352 shares of the company's stock were exchanged, compared to its average volume of 3,205,434. The stock has a market capitalization of $175.93 billion, a PE ratio of 155.33, a PEG ratio of 4.66 and a beta of 1.86. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $651.22. The firm's fifty day moving average price is $510.80 and its 200-day moving average price is $406.08.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same period in the previous year, the firm earned $4.65 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio is 24.10%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GEV. Bank of America increased their price objective on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Morgan Stanley increased their price objective on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday. Robert W. Baird raised their target price on GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research note on Thursday. Citigroup raised their target price on GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their target price on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $540.96.

About GE Vernova

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.