Wealth Enhancement Advisory Services LLC Acquires 8,330 Shares of GE Vernova Inc. (NYSE:GEV)

Wealth Enhancement Advisory Services LLC increased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,473 shares of the company's stock after buying an additional 8,330 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in GE Vernova were worth $40,614,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GEV. Norges Bank acquired a new stake in shares of GE Vernova in the 4th quarter valued at about $1,109,720,000. Capital International Investors grew its stake in shares of GE Vernova by 25.3% in the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock valued at $4,886,164,000 after buying an additional 2,994,660 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of GE Vernova by 1,638.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock valued at $432,309,000 after buying an additional 1,238,690 shares during the period. FMR LLC grew its stake in shares of GE Vernova by 3.4% in the 4th quarter. FMR LLC now owns 24,861,833 shares of the company's stock valued at $8,177,803,000 after buying an additional 814,155 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of GE Vernova by 148.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,155,183 shares of the company's stock worth $379,974,000 after acquiring an additional 690,513 shares in the last quarter.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of recent analyst reports. Susquehanna reaffirmed a "positive" rating and issued a $499.00 price objective (up from $399.00) on shares of GE Vernova in a research report on Wednesday, May 14th. TD Cowen lowered their target price on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Truist Financial set a $440.00 target price on shares of GE Vernova in a report on Thursday, March 27th. CICC Research started coverage on shares of GE Vernova in a report on Wednesday, February 19th. They issued an "outperform" rating on the stock. Finally, Morgan Stanley reissued an "overweight" rating and issued a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and an average target price of $385.78.

GE Vernova Stock Up 0.1%

GE Vernova stock traded up $0.39 during midday trading on Friday, reaching $471.56. The stock had a trading volume of 5,090,753 shares, compared to its average volume of 3,356,775. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $489.13. The firm has a market cap of $128.71 billion and a price-to-earnings ratio of 84.81. The company has a fifty day moving average of $371.84 and a 200 day moving average of $355.23.

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, topping analysts' consensus estimates of $0.37 by $0.54. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted ($0.47) earnings per share. Equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is presently 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.