GE Vernova Inc. (NYSE:GEV) Shares Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,045 shares of the company's stock after acquiring an additional 583 shares during the quarter. Valeo Financial Advisors LLC's holdings in GE Vernova were worth $2,151,000 at the end of the most recent quarter.

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

GE Vernova Stock Down 0.1%

GEV stock traded down $0.41 during mid-day trading on Friday, reaching $538.95. The company had a trading volume of 2,285,744 shares, compared to its average volume of 3,315,720. GE Vernova Inc. has a one year low of $150.01 and a one year high of $546.36. The stock's 50-day simple moving average is $474.02 and its two-hundred day simple moving average is $388.24. The stock has a market capitalization of $147.10 billion, a P/E ratio of 77.66, a P/E/G ratio of 4.13 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last issued 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. 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 analysts' expectations of $7.56 billion. During the same period in the previous year, the business earned ($0.47) earnings per share. The company's revenue was up 10.6% on a year-over-year basis. On average, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors 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 0.19%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio is currently 14.41%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Guggenheim reaffirmed a "buy" rating and issued a $380.00 price objective on shares of GE Vernova in a research report on Thursday, April 24th. Wall Street Zen raised shares of GE Vernova from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. BMO Capital Markets increased their price objective on shares of GE Vernova from $522.00 to $590.00 and gave the company an "outperform" rating in a research report on Tuesday. Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and increased their price objective for the company from $427.00 to $517.00 in a research report on Thursday, May 29th. Finally, Barclays increased their price objective on shares of GE Vernova from $550.00 to $580.00 and gave the company an "overweight" rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $451.38.

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.