Regal Investment Advisors LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

Regal Investment Advisors LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 777 shares of the company's stock, valued at approximately $256,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Howard Capital Management Group LLC purchased a new stake in GE Vernova during the third quarter valued at approximately $213,000. Virtu Financial LLC bought a new stake in GE Vernova in the third quarter worth $1,481,000. Westside Investment Management Inc. boosted its stake in GE Vernova by 24.0% during the third quarter. Westside Investment Management Inc. now owns 362 shares of the company's stock worth $92,000 after buying an additional 70 shares during the period. Fulcrum Equity Management bought a new position in GE Vernova during the third quarter valued at $218,000. Finally, World Investment Advisors LLC raised its stake in shares of GE Vernova by 41.4% in the third quarter. World Investment Advisors LLC now owns 2,876 shares of the company's stock valued at $733,000 after acquiring an additional 842 shares during the period.

Wall Street Analysts Forecast Growth

GEV has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Bank of America boosted their target price on shares of GE Vernova from $380.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Barclays lowered their price objective on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $365.54.

GE Vernova Stock Up 4.1 %

Shares of GE Vernova stock traded up $13.28 on Wednesday, reaching $339.35. 2,738,014 shares of the stock were exchanged, compared to its average volume of 3,361,629. The business has a 50 day moving average price of $319.66 and a two-hundred day moving average price of $330.98. The firm has a market capitalization of $92.76 billion and a price-to-earnings ratio of 61.03. GE Vernova Inc. has a twelve month low of $137.87 and a twelve month high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.46. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter last year, the company posted ($0.47) earnings per share. Research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.29%. GE Vernova's dividend payout ratio is currently 17.99%.

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.