Prosperity Consulting Group LLC Makes New $233,000 Investment in GE Vernova Inc. (NYSE:GEV)

Prosperity Consulting Group LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 707 shares of the company's stock, valued at approximately $233,000.

A number of other large investors have also recently made changes to their positions in GEV. Register Financial Advisors LLC bought a new stake in shares of GE Vernova during the fourth quarter valued at approximately $206,000. GPS Wealth Strategies Group LLC increased its holdings in shares of GE Vernova by 1,126.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock valued at $294,000 after acquiring an additional 822 shares in the last quarter. Yarbrough Capital LLC raised its position in shares of GE Vernova by 67.2% in the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock worth $949,000 after purchasing an additional 1,160 shares during the last quarter. Legacy Bridge LLC boosted its stake in GE Vernova by 77.0% in the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock worth $3,612,000 after purchasing an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in GE Vernova by 16.6% during the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after purchasing an additional 1,408 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GEV. Barclays dropped their target price on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Jefferies Financial Group increased their target price on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. The Goldman Sachs Group boosted their price target on GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Bank of America increased their price objective on GE Vernova from $380.00 to $415.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada decreased their target price on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $369.22.

GE Vernova Stock Up 3.1 %

NYSE GEV traded up $11.45 during trading hours on Thursday, hitting $382.27. 3,047,534 shares of the company were exchanged, compared to its average volume of 3,336,519. The stock has a market cap of $104.34 billion and a PE ratio of 68.75. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $447.50. The stock has a 50-day moving average price of $319.89 and a 200 day moving average price of $334.60.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the firm earned ($0.47) earnings per share. GE Vernova's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Thursday, April 17th. GE Vernova's payout ratio 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.