MML Investors Services LLC Purchases 110 Shares of GE Vernova Inc. (NYSE:GEV)

MML Investors Services LLC raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 0.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,528 shares of the company’s stock after acquiring an additional 110 shares during the quarter. MML Investors Services LLC’s holdings in GE Vernova were worth $10,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. grew its stake in GE Vernova by 3.5% in the 4th quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company’s stock valued at $262,000 after buying an additional 27 shares in the last quarter. Hengehold Capital Management LLC raised its stake in shares of GE Vernova by 2.4% during the 4th quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company’s stock valued at $405,000 after purchasing an additional 29 shares during the period. AdvisorNet Financial Inc lifted its holdings in GE Vernova by 1.6% during the 4th quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company’s stock worth $611,000 after purchasing an additional 30 shares in the last quarter. Mutual Advisors LLC lifted its holdings in GE Vernova by 1.2% during the 4th quarter. Mutual Advisors LLC now owns 2,701 shares of the company’s stock worth $888,000 after purchasing an additional 31 shares in the last quarter. Finally, WASHINGTON TRUST Co boosted its stake in GE Vernova by 1.9% in the 4th quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company’s stock worth $560,000 after purchasing an additional 31 shares during the period.

GE Vernova Trading Up 4.4 %

GE Vernova stock opened at $326.94 on Wednesday. GE Vernova Inc. has a 1-year low of $137.87 and a 1-year high of $447.50. The firm has a market cap of $89.37 billion and a P/E ratio of 58.80. The firm has a 50-day moving average of $319.66 and a 200-day moving average of $330.98.

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

GE Vernova Dividend Announcement

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s dividend payout ratio (DPR) is currently 17.99%.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. BMO Capital Markets cut their price objective on shares of GE Vernova from $471.00 to $420.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. CICC Research initiated coverage on shares of GE Vernova in a report on Wednesday, February 19th. They issued an “outperform” rating on the stock. William Blair restated an “outperform” rating on shares of GE Vernova in a research report on Thursday, January 23rd. New Street Research set a $380.00 price target on GE Vernova in a report on Wednesday, March 5th. Finally, Susquehanna assumed coverage on GE Vernova in a report on Wednesday, April 2nd. They set a “positive” rating and a $370.00 price objective for the company. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $365.54.

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.