GE Vernova Inc. (NYSE:GEV) Shares Acquired by Johnson & White Wealth Management LLC

Johnson & White Wealth Management LLC raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 3.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 929 shares of the company’s stock after purchasing an additional 33 shares during the quarter. Johnson & White Wealth Management LLC’s holdings in GE Vernova were worth $284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GEV. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova during the 4th quarter worth $25,000. Fairway Wealth LLC increased its stake in GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Pineridge Advisors LLC raised its holdings in shares of GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 69 shares during the period. Navigoe LLC acquired a new position in shares of GE Vernova in the 4th quarter valued at about $27,000. Finally, Clarity Asset Management Inc. acquired a new position in shares of GE Vernova in the 4th quarter valued at about $28,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on GEV shares. Royal Bank of Canada dropped their target price on shares of GE Vernova from $453.00 to $445.00 and set an “outperform” rating for the company in a research report on Tuesday, March 18th. TD Cowen decreased their price objective on shares of GE Vernova from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Barclays boosted their price objective on shares of GE Vernova from $427.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. New Street Research set a $380.00 price objective on shares of GE Vernova in a research note on Wednesday, March 5th. Finally, Baird R W upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $385.78.

GE Vernova Price Performance

GEV opened at $488.36 on Thursday. The stock has a market capitalization of $133.29 billion, a PE ratio of 87.83, a P/E/G ratio of 3.03 and a beta of 1.97. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $500.72. The firm’s fifty day moving average price is $382.72 and its 200 day moving average price is $358.53.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.54. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business earned ($0.47) EPS. On average, equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova’s dividend 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.