Rehmann Capital Advisory Group Invests $312,000 in GE Vernova Inc. (NYSE:GEV)

Rehmann Capital Advisory Group acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 947 shares of the company's stock, valued at approximately $312,000.

A number of other large investors also recently bought and sold shares of GEV. World Investment Advisors LLC lifted its stake in 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 buying an additional 842 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in GE Vernova by 219.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,265 shares of the company's stock valued at $2,617,000 after purchasing an additional 7,054 shares during the period. Tidal Investments LLC increased its stake in shares of GE Vernova by 5.4% in the third quarter. Tidal Investments LLC now owns 7,271 shares of the company's stock valued at $1,854,000 after purchasing an additional 374 shares during the period. Franklin Resources Inc. raised its holdings in shares of GE Vernova by 3.7% during the third quarter. Franklin Resources Inc. now owns 1,978,691 shares of the company's stock valued at $533,257,000 after buying an additional 71,067 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of GE Vernova by 2.4% during the third quarter. Retirement Systems of Alabama now owns 61,894 shares of the company's stock worth $15,782,000 after buying an additional 1,433 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GEV. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. Morgan Stanley restated an "overweight" rating and issued a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Barclays lowered their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. CICC Research began coverage on shares of GE Vernova in a report on Wednesday, February 19th. They issued an "outperform" rating on the stock. Finally, New Street Research set a $380.00 price target on shares of GE Vernova in a research report on Wednesday, March 5th. Six research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average target price of $369.22.

GE Vernova Stock Up 1.4 %

GEV stock traded up $5.71 during trading on Wednesday, hitting $406.94. The company had a trading volume of 2,455,190 shares, compared to its average volume of 3,321,028. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $447.50. The firm has a 50-day moving average price of $325.61 and a 200-day moving average price of $338.49. The stock has a market cap of $111.07 billion and a price-to-earnings ratio of 73.19.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. The firm 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%. The company's revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.47) EPS. Equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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