1,637 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Strategies Wealth Advisors LLC

Strategies Wealth Advisors LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,637 shares of the company’s stock, valued at approximately $538,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Howard Capital Management Group LLC purchased a new position in shares of GE Vernova in the third quarter valued at about $213,000. TD Private Client Wealth LLC increased its position in shares of GE Vernova by 8.8% during the third quarter. TD Private Client Wealth LLC now owns 740 shares of the company’s stock valued at $189,000 after buying an additional 60 shares during the period. Virtu Financial LLC bought a new position in GE Vernova in the third quarter worth about $1,481,000. Westside Investment Management Inc. lifted its holdings in GE Vernova by 24.0% in 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. Finally, Fulcrum Equity Management bought a new stake in GE Vernova during the 3rd quarter valued at approximately $218,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GEV shares. Guggenheim raised GE Vernova from a “neutral” rating to a “buy” rating and set a $380.00 target price for the company in a research report on Wednesday, March 5th. Citigroup raised their price objective on GE Vernova from $361.00 to $437.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Marathon Capitl raised shares of GE Vernova to a “strong-buy” rating in a research report on Friday, January 31st. Susquehanna began coverage on shares of GE Vernova in a report on Wednesday, April 2nd. They issued a “positive” rating and a $370.00 price objective on the stock. Finally, Bank of America raised 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. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $348.80.

GE Vernova Stock Up 3.6 %

Shares of GE Vernova stock opened at $320.99 on Monday. GE Vernova Inc. has a 52 week low of $128.25 and a 52 week high of $447.50. The stock’s 50-day simple moving average is $326.73 and its 200-day simple moving average is $328.18. The company has a market capitalization of $87.74 billion and a price-to-earnings ratio of 57.73.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. The business’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.31%. GE Vernova’s payout ratio is currently 17.99%.

GE Vernova Company 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.