RB Capital Management LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

RB Capital Management LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,199 shares of the company's stock, valued at approximately $394,000.

Several other hedge funds and other institutional investors have also modified their holdings of GEV. Hengehold Capital Management LLC increased its holdings in GE Vernova by 2.4% during the 4th quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company's stock worth $405,000 after purchasing an additional 29 shares during the last quarter. Mutual Advisors LLC increased its holdings in GE Vernova by 1.2% during the 4th quarter. Mutual Advisors LLC now owns 2,701 shares of the company's stock worth $888,000 after purchasing an additional 31 shares during the last quarter. WASHINGTON TRUST Co increased its holdings in GE Vernova by 1.9% during the 4th quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock worth $560,000 after purchasing an additional 31 shares during the last quarter. Kovack Advisors Inc. increased its holdings in GE Vernova by 1.0% during the 4th quarter. Kovack Advisors Inc. now owns 3,167 shares of the company's stock worth $1,042,000 after purchasing an additional 31 shares during the last quarter. Finally, NewSquare Capital LLC increased its holdings in GE Vernova by 32.4% during the 4th quarter. NewSquare Capital LLC now owns 139 shares of the company's stock worth $46,000 after purchasing an additional 34 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Susquehanna restated a "positive" rating and set a $499.00 price objective (up from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. William Blair reiterated an "outperform" rating on shares of GE Vernova in a report on Thursday, January 23rd. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Robert W. Baird boosted their price target on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Barclays lowered their price target on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $374.62.

GE Vernova Stock Up 0.9%

Shares of GE Vernova stock opened at $453.88 on Thursday. The firm has a market cap of $123.88 billion and a price-to-earnings ratio of 81.63. The business has a fifty day simple moving average of $352.79 and a 200-day simple moving average of $348.40. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $463.00.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.54. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company's revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.47) earnings per share. Analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio is 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.

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