WoodTrust Financial Corp Purchases 1,489 Shares of GE Vernova Inc. (NYSE:GEV)

WoodTrust Financial Corp lifted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 116.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,773 shares of the company's stock after acquiring an additional 1,489 shares during the period. WoodTrust Financial Corp's holdings in GE Vernova were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GEV. Brighton Jones LLC lifted its holdings in shares of GE Vernova by 29.4% during the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after acquiring an additional 753 shares during the period. Sigma Planning Corp lifted its holdings in shares of GE Vernova by 9.4% during the 4th quarter. Sigma Planning Corp now owns 4,241 shares of the company's stock worth $1,395,000 after acquiring an additional 364 shares during the period. Wealthspire Advisors LLC lifted its stake in GE Vernova by 8.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,989 shares of the company's stock valued at $1,641,000 after purchasing an additional 400 shares during the last quarter. Howard Capital Management Inc. lifted its stake in GE Vernova by 5.1% in the 4th quarter. Howard Capital Management Inc. now owns 1,678 shares of the company's stock valued at $552,000 after purchasing an additional 81 shares during the last quarter. Finally, MONECO Advisors LLC bought a new position in GE Vernova in the 4th quarter valued at approximately $284,000.

GE Vernova Trading Up 2.7%

NYSE:GEV opened at $499.97 on Tuesday. The stock has a market capitalization of $136.46 billion, a price-to-earnings ratio of 72.04, a PEG ratio of 3.78 and a beta of 1.97. The firm has a fifty day simple moving average of $429.11 and a two-hundred day simple moving average of $372.13. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $506.31.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly 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 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 quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted ($0.47) earnings per share. Equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. GE Vernova's payout ratio is 14.41%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GEV shares. 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 note on Thursday, May 29th. 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 research note 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 research note on Friday, May 16th. New Street Research set a $380.00 price objective on shares of GE Vernova in a research note on Wednesday, March 5th. Finally, Royal Bank Of Canada dropped their price objective 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. Eight analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus target price of $425.42.

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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