GE Vernova Inc. (NYSE:GEV) Shares Acquired by Avidian Wealth Enterprises LLC

by · The Cerbat Gem

Avidian Wealth Enterprises LLC lifted its holdings in shares of GE Vernova Inc. (NYSE:GEVFree Report) by 23.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 767 shares of the company’s stock after acquiring an additional 146 shares during the period. Avidian Wealth Enterprises LLC’s holdings in GE Vernova were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in GE Vernova by 79.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company’s stock valued at $67,622,000 after buying an additional 98,034 shares during the last quarter. Grandview Asset Management LLC lifted its stake in shares of GE Vernova by 48.8% in the first quarter. Grandview Asset Management LLC now owns 2,149 shares of the company’s stock valued at $656,000 after purchasing an additional 705 shares during the period. GAMMA Investing LLC lifted its position in shares of GE Vernova by 8.4% during the 1st quarter. GAMMA Investing LLC now owns 7,015 shares of the company’s stock valued at $2,142,000 after acquiring an additional 542 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in GE Vernova during the first quarter worth $328,000. Finally, State of Alaska Department of Revenue boosted its position in shares of GE Vernova by 2.9% in the 1st quarter. State of Alaska Department of Revenue now owns 32,340 shares of the company’s stock worth $9,872,000 after buying an additional 910 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GEV shares. TD Cowen cut their price objective on GE Vernova from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. New Street Research set a $380.00 price objective on shares of GE Vernova in a report on Wednesday, March 5th. Royal Bank Of Canada reduced their target price on GE Vernova from $453.00 to $445.00 and set an “outperform” rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. boosted their price objective on shares of GE Vernova from $430.00 to $460.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $429.13.

View Our Latest Stock Report on GEV

GE Vernova Stock Down 4.6%

Shares of NYSE:GEV opened at $504.89 on Wednesday. The company has a market cap of $137.80 billion, a PE ratio of 72.75, a P/E/G ratio of 4.11 and a beta of 1.87. The firm has a 50-day simple moving average of $451.78 and a 200 day simple moving average of $379.33. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $532.59.

GE Vernova (NYSE:GEVGet Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.47) earnings per share. As a group, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova’s dividend payout ratio (DPR) is 14.41%.

GE Vernova Company Profile

(Free Report)

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.

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