Valeo Financial Advisors LLC Has $2.15 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Valeo Financial Advisors LLC grew its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,045 shares of the company's stock after purchasing an additional 583 shares during the period. Valeo Financial Advisors LLC's holdings in GE Vernova were worth $2,151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MRP Capital Investments LLC bought a new position in GE Vernova in the 4th quarter worth about $25,000. Fairway Wealth LLC grew its position in GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Navigoe LLC bought a new position in GE Vernova in the 4th quarter worth about $27,000. EQ Wealth Advisors LLC bought a new position in GE Vernova in the 1st quarter worth about $27,000. Finally, Clarity Asset Management Inc. bought a new position in GE Vernova in the 4th quarter worth about $28,000.

GE Vernova Stock Performance

Shares of NYSE:GEV traded up $4.87 during mid-day trading on Wednesday, hitting $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 market cap of $145.98 billion, a PE ratio of 77.07, a P/E/G ratio of 4.08 and a beta of 1.86. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $545.30. The company's 50 day moving average is $467.60 and its 200-day moving average is $385.87.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS 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 the consensus estimate of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The firm's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.47) EPS. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors 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 dividend yield of 0.19%. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

Wall Street Analyst Weigh In

Several research firms have commented on GEV. UBS Group began coverage on shares of GE Vernova in a research report on Monday. They issued a "buy" rating and a $614.00 target price for the company. The Goldman Sachs Group increased their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Royal Bank Of Canada decreased their price objective on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Finally, Truist Financial set a $440.00 price objective on shares of GE Vernova in a report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.