MGO One Seven LLC Buys 456 Shares of GE Vernova Inc. (NYSE:GEV)

MGO One Seven LLC boosted its position in GE Vernova Inc. (NYSE:GEV) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,768 shares of the company’s stock after purchasing an additional 456 shares during the quarter. MGO One Seven LLC’s holdings in GE Vernova were worth $1,240,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Register Financial Advisors LLC purchased a new stake in GE Vernova during the fourth quarter valued at approximately $206,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of GE Vernova by 1,126.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company’s stock valued at $294,000 after purchasing an additional 822 shares during the last quarter. Yarbrough Capital LLC boosted its position in shares of GE Vernova by 67.2% in the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company’s stock worth $949,000 after purchasing an additional 1,160 shares in the last quarter. Legacy Bridge LLC grew its stake in GE Vernova by 77.0% during the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company’s stock worth $3,612,000 after buying an additional 4,776 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in GE Vernova by 16.6% during the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company’s stock valued at $3,247,000 after buying an additional 1,408 shares in the last quarter.

GE Vernova Trading Up 3.4 %

Shares of NYSE GEV opened at $372.62 on Friday. The stock has a market cap of $101.85 billion and a PE ratio of 67.02. GE Vernova Inc. has a 12-month low of $149.42 and a 12-month high of $447.50. The company has a 50-day moving average of $318.90 and a 200 day moving average of $332.43.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.45 by $0.46. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. During the same quarter last year, the firm earned ($0.47) earnings per share. On average, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. GE Vernova’s payout ratio is 14.41%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GEV. Barclays dropped their price target on GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Truist Financial set a $440.00 target price on shares of GE Vernova in a research report on Thursday, March 27th. Guggenheim reaffirmed a “buy” rating and issued a $380.00 price target on shares of GE Vernova in a report on Thursday. TD Cowen dropped their price objective on shares of GE Vernova from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday. Finally, William Blair restated an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.22.

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.