Valeo Financial Advisors LLC Acquires 583 Shares of GE Vernova Inc. (NYSE:GEV)

Valeo Financial Advisors LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 9.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Values First Advisors Inc. increased its stake in shares of GE Vernova by 75.6% in the first quarter. Values First Advisors Inc. now owns 3,422 shares of the company's stock worth $1,044,000 after purchasing an additional 1,473 shares during the period. Stratos Investment Management LLC bought a new position in GE Vernova during the first quarter valued at about $885,000. Brown Advisory Inc. increased its stake in GE Vernova by 1.7% during the first quarter. Brown Advisory Inc. now owns 34,677 shares of the company's stock valued at $10,586,000 after acquiring an additional 574 shares during the period. Alpha Cubed Investments LLC bought a new position in GE Vernova during the first quarter valued at about $371,000. Finally, Capital Management Associates Inc bought a new position in GE Vernova during the first quarter valued at about $351,000.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Guggenheim restated a "buy" rating and set a $380.00 price target on shares of GE Vernova in a research note on Thursday, April 24th. Barclays boosted their price target on GE Vernova from $500.00 to $550.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Robert W. Baird lifted their price objective on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. BMO Capital Markets lifted their price objective on GE Vernova from $522.00 to $590.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Truist Financial set a $440.00 price objective on 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $450.13.

GE Vernova Stock Performance

NYSE:GEV opened at $530.09 on Wednesday. The stock's fifty day moving average price is $467.60 and its two-hundred day moving average price is $385.87. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $537.22. The company has a market cap of $144.68 billion, a price-to-earnings ratio of 76.38, a P/E/G ratio of 4.08 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last issued its 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 company had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.47) EPS. On average, equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's payout ratio is 14.41%.

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.

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