WoodTrust Financial Corp Purchases 674 Shares of GE Vernova Inc. $GEV

by · The Cerbat Gem

WoodTrust Financial Corp grew its position in GE Vernova Inc. (NYSE:GEVFree Report) by 16.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,768 shares of the company’s stock after buying an additional 674 shares during the period. WoodTrust Financial Corp’s holdings in GE Vernova were worth $3,116,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Voisard Asset Management Group Inc. grew its holdings in shares of GE Vernova by 2.7% during the fourth quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock worth $376,000 after buying an additional 15 shares in the last quarter. Clean Yield Group grew its holdings in shares of GE Vernova by 2.2% during the fourth quarter. Clean Yield Group now owns 685 shares of the company’s stock worth $448,000 after buying an additional 15 shares in the last quarter. Sutton Place Investors LLC grew its holdings in shares of GE Vernova by 3.1% during the fourth quarter. Sutton Place Investors LLC now owns 531 shares of the company’s stock worth $347,000 after buying an additional 16 shares in the last quarter. Washburn Capital Management Inc. grew its holdings in shares of GE Vernova by 0.3% during the fourth quarter. Washburn Capital Management Inc. now owns 4,735 shares of the company’s stock worth $3,095,000 after buying an additional 16 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of GE Vernova by 0.6% during the fourth quarter. Evergreen Capital Management LLC now owns 2,602 shares of the company’s stock worth $1,701,000 after buying an additional 16 shares in the last quarter.

Key Headlines Impacting GE Vernova

Here are the key news stories impacting GE Vernova this week:

GE Vernova Trading Up 1.7%

Shares of GEV stock traded up $18.15 on Thursday, hitting $1,081.26. 266,468 shares of the stock traded hands, compared to its average volume of 2,770,524. The firm’s 50-day moving average price is $914.38 and its two-hundred day moving average price is $741.83. GE Vernova Inc. has a twelve month low of $378.47 and a twelve month high of $1,181.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. The stock has a market capitalization of $290.56 billion, a PE ratio of 31.50, a PEG ratio of 4.25 and a beta of 1.43.

GE Vernova (NYSE:GEVGet Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. GE Vernova’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, analysts anticipate that GE Vernova Inc. will post 14.66 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 5.83%.

Analyst Ratings Changes

GEV has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,328.00 target price on shares of GE Vernova in a report on Friday, April 24th. Barclays boosted their price target on shares of GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Oppenheimer set a $1,303.00 price target on shares of GE Vernova in a research report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price target on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Finally, Robert W. Baird boosted their price target on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,090.76.

Get Our Latest Report on GEV

GE Vernova Profile

(Free Report)

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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