RWQ Financial Management Services Inc. Acquires Shares of 2,250 GE Vernova Inc. (NYSE:GEV)

RWQ Financial Management Services Inc. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,250 shares of the company's stock, valued at approximately $687,000. GE Vernova comprises about 0.5% of RWQ Financial Management Services Inc.'s portfolio, making the stock its 18th biggest holding.

A number of other hedge funds have also recently bought and sold shares of GEV. MRP Capital Investments LLC bought a new stake in shares of GE Vernova during the 4th quarter worth $25,000. Navigoe LLC bought a new stake in shares of GE Vernova during the 4th quarter worth $27,000. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova during the 1st quarter worth $27,000. Clarity Asset Management Inc. bought a new stake in shares of GE Vernova during the 4th quarter worth $28,000. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of GE Vernova during the 4th quarter worth $30,000.

GE Vernova Stock Performance

GEV traded up $4.85 during midday trading on Friday, hitting $575.02. The stock had a trading volume of 2,051,713 shares, compared to its average volume of 3,302,162. The company has a market cap of $156.94 billion, a P/E ratio of 82.86, a price-to-earnings-growth ratio of 4.18 and a beta of 1.86. The business has a fifty day moving average of $489.76 and a 200 day moving average of $395.72. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $581.27.

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. 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 quarter in the previous year, the company posted ($0.47) earnings per share. The business's revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be given a $0.25 dividend. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.17%. GE Vernova's payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GEV. Barclays lifted their target price on GE Vernova from $550.00 to $580.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Truist Financial set a $440.00 price objective on GE Vernova in a research note on Thursday, March 27th. Robert W. Baird boosted their price objective on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Morgan Stanley boosted their price objective on GE Vernova from $422.00 to $511.00 and gave the company an "overweight" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen upgraded GE Vernova from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $468.88.

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.