Whitaker Myers Wealth Managers LTD. Acquires New Position in GE Vernova Inc. (NYSE:GEV)

Whitaker Myers Wealth Managers LTD. bought a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,266 shares of the company's stock, valued at approximately $386,000.

Other hedge funds also recently bought and sold shares of the company. MRP Capital Investments LLC purchased a new position in shares of GE Vernova in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC raised its holdings in GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Pineridge Advisors LLC raised its holdings in GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after purchasing an additional 69 shares in the last quarter. Navigoe LLC purchased a new position in shares of GE Vernova during the fourth quarter worth approximately $27,000. Finally, Clarity Asset Management Inc. purchased a new position in shares of GE Vernova during the fourth quarter worth approximately $28,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Jefferies Financial Group downgraded GE Vernova from a "buy" rating to a "hold" rating and lifted their price target for the stock from $427.00 to $517.00 in a research note on Thursday, May 29th. JPMorgan Chase & Co. lifted their price target on GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Royal Bank of Canada cut their target price on shares of 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, CICC Research assumed coverage on shares of GE Vernova in a research note on Wednesday, February 19th. They set an "outperform" rating for the company. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $385.78.

GE Vernova Price Performance

Shares of NYSE GEV opened at $487.06 on Friday. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $500.72. The business has a fifty day moving average price of $389.72 and a two-hundred day moving average price of $360.77. The stock has a market capitalization of $132.94 billion, a PE ratio of 87.60, a P/E/G ratio of 3.03 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.54. The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.47) EPS. On average, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

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.

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