Retirement Planning Group LLC NY Invests $507,000 in GE Vernova Inc. (NYSE:GEV)

Retirement Planning Group LLC NY bought a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,541 shares of the company's stock, valued at approximately $507,000.

Other institutional investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC increased its holdings in shares of GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after purchasing an additional 39 shares during the last quarter. MRP Capital Investments LLC bought a new stake in shares of GE Vernova in the fourth quarter valued at about $25,000. Fairway Wealth LLC boosted its position in shares of GE Vernova by 220.0% in the fourth 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. Pineridge Advisors LLC lifted its position in GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after purchasing an additional 69 shares during the period. Finally, Navigoe LLC bought a new stake in GE Vernova during the fourth quarter worth about $27,000.

GE Vernova Trading Down 2.0%

NYSE GEV traded down $9.58 during trading hours on Thursday, hitting $475.43. The company's stock had a trading volume of 2,862,389 shares, compared to its average volume of 3,332,332. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $502.03. The company has a market capitalization of $129.76 billion and a PE ratio of 85.53. The company's 50-day simple moving average is $366.57 and its two-hundred day simple moving average is $353.37.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.47) EPS. Research 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 was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.21%. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Baird R W upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Susquehanna reiterated a "positive" rating and set a $499.00 price objective (up from $399.00) on shares of GE Vernova in a research report on Wednesday, May 14th. Citigroup cut their target price on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, TD Cowen decreased their target price 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 research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $378.78.

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.