GE Vernova Inc. (NYSE:GEV) Stock Position Increased by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. boosted its stake in GE Vernova Inc. (NYSE:GEV) by 31,435.5% during the 1st quarter, Holdings Channel reports. The firm owned 53,295 shares of the company’s stock after buying an additional 53,126 shares during the quarter. GE Vernova makes up about 1.9% of SOA Wealth Advisors LLC.’s holdings, making the stock its 9th biggest position. SOA Wealth Advisors LLC.’s holdings in GE Vernova were worth $16,270,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in shares of GE Vernova by 3.4% in the 4th quarter. FMR LLC now owns 24,861,833 shares of the company’s stock worth $8,177,803,000 after buying an additional 814,155 shares during the last quarter. Capital International Investors increased its holdings in shares of GE Vernova by 25.3% in the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company’s stock worth $4,886,164,000 after buying an additional 2,994,660 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of GE Vernova by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company’s stock worth $1,898,814,000 after buying an additional 195,828 shares during the last quarter. Norges Bank bought a new stake in shares of GE Vernova in the 4th quarter worth about $1,109,720,000. Finally, Northern Trust Corp increased its holdings in shares of GE Vernova by 15.0% in the 4th quarter. Northern Trust Corp now owns 2,630,122 shares of the company’s stock worth $865,126,000 after buying an additional 343,837 shares during the last quarter.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research reports. TD Cowen reduced their target price on shares of GE Vernova from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Citigroup reduced their target price on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. BMO Capital Markets boosted their target price on shares of GE Vernova from $381.00 to $522.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. Robert W. Baird boosted their target price on shares of GE Vernova from $387.00 to $405.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada cut their price target on shares of GE Vernova from $453.00 to $445.00 and set an “outperform” rating on the stock in a report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $385.78.

GE Vernova Price Performance

Shares of GEV stock opened at $487.06 on Friday. The company has a market capitalization of $132.94 billion, a P/E ratio of 87.60, a P/E/G ratio of 3.03 and a beta of 1.97. The company’s 50-day simple moving average is $389.72 and its two-hundred day simple moving average is $360.77. GE Vernova Inc. has a one year low of $150.01 and a one year high of $500.72.

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

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. GE Vernova’s payout ratio is presently 14.41%.

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.