Stratos Investment Management LLC Acquires Shares of 2,898 GE Vernova Inc. (NYSE:GEV)

Stratos Investment Management LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,898 shares of the company's stock, valued at approximately $885,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Stonebridge Financial Group LLC raised its holdings in GE Vernova by 8.9% during the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock worth $105,000 after buying an additional 28 shares during the period. Fulcrum Equity Management grew its position in shares of GE Vernova by 3.6% in the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company's stock valued at $291,000 after acquiring an additional 31 shares during the period. Dopkins Wealth Management LLC grew its holdings in GE Vernova by 4.9% during the first quarter. Dopkins Wealth Management LLC now owns 668 shares of the company's stock worth $204,000 after purchasing an additional 31 shares during the period. Rothschild Investment LLC increased its holdings in shares of GE Vernova by 1.7% during the 1st quarter. Rothschild Investment LLC now owns 1,965 shares of the company's stock worth $600,000 after acquiring an additional 33 shares during the last quarter. Finally, Johnson & White Wealth Management LLC increased its holdings in shares of GE Vernova by 3.7% in the first quarter. Johnson & White Wealth Management LLC now owns 929 shares of the company's stock valued at $284,000 after purchasing an additional 33 shares during the last quarter.

GE Vernova Trading Up 0.9%

GE Vernova stock traded up $4.87 during midday trading on Wednesday, reaching $534.87. The stock had a trading volume of 2,294,213 shares, compared to its average volume of 3,311,099. The company has a fifty day moving average price of $467.60 and a two-hundred day moving average price of $385.87. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $545.30. The company has a market capitalization of $145.98 billion, a P/E ratio of 77.07, a PEG ratio of 4.08 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.47) earnings per share. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio is 14.41%.

Analysts Set New Price Targets

Several equities analysts have recently commented on GEV shares. Glj Research assumed coverage on GE Vernova in a research report on Monday, June 23rd. They issued a "buy" rating on the stock. Bank of America boosted their target price 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. UBS Group assumed coverage on GE Vernova in a research report on Monday. They set a "buy" rating and a $614.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Barclays upped their price objective on GE Vernova from $550.00 to $580.00 and gave the company an "overweight" rating in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $451.38.

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.