TBH Global Asset Management LLC Has $546,000 Stock Position in GE Vernova Inc. (NYSE:GEV)

TBH Global Asset Management LLC lifted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 40.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,788 shares of the company's stock after purchasing an additional 513 shares during the quarter. TBH Global Asset Management LLC's holdings in GE Vernova were worth $546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GEV. Fulcrum Equity Management boosted its stake in GE Vernova by 3.6% during the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company's stock valued at $291,000 after purchasing an additional 31 shares during the period. Dopkins Wealth Management LLC increased 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 during the period. Rothschild Investment LLC raised its holdings in shares of GE Vernova by 1.7% during the first quarter. Rothschild Investment LLC now owns 1,965 shares of the company's stock valued at $600,000 after buying an additional 33 shares during the last quarter. Johnson & White Wealth Management LLC boosted its position in shares of GE Vernova by 3.7% during the first quarter. Johnson & White Wealth Management LLC now owns 929 shares of the company's stock worth $284,000 after buying an additional 33 shares during the period. Finally, NewSquare Capital LLC raised its stake in GE Vernova by 32.4% during the 4th quarter. NewSquare Capital LLC now owns 139 shares of the company's stock valued at $46,000 after acquiring an additional 34 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GEV shares. Bank of America increased 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. Morgan Stanley upped their price target on shares of GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. BMO Capital Markets boosted their target price on GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Royal Bank Of Canada decreased their target price on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Finally, Susquehanna reaffirmed a "positive" rating and set a $499.00 target price (up from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $429.13.

GE Vernova Price Performance

GE Vernova stock traded down $24.26 during trading hours on Tuesday, hitting $504.89. The company had a trading volume of 6,521,882 shares, compared to its average volume of 3,300,986. The firm's fifty day moving average is $451.78 and its 200-day moving average is $379.33. The firm has a market capitalization of $137.80 billion, a P/E ratio of 72.75, a price-to-earnings-growth ratio of 4.11 and a beta of 1.87. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $532.59.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the prior year, the business posted ($0.47) earnings per share. GE Vernova's revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

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.