Benjamin Edwards Inc. Buys 42 Shares of GE Vernova Inc. (NYSE:GEV)

Benjamin Edwards Inc. raised its stake in GE Vernova Inc. (NYSE:GEV) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,535 shares of the company’s stock after purchasing an additional 42 shares during the period. Benjamin Edwards Inc.’s holdings in GE Vernova were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of GE Vernova by 3.4% during the 4th quarter. FMR LLC now owns 24,861,833 shares of the company’s stock worth $8,177,803,000 after acquiring an additional 814,155 shares in the last quarter. Capital International Investors grew its holdings in GE Vernova by 25.3% in the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company’s stock worth $4,886,164,000 after purchasing an additional 2,994,660 shares during the last quarter. Geode Capital Management LLC increased its position in shares of GE Vernova by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company’s stock worth $1,898,814,000 after purchasing an additional 195,828 shares in the last quarter. Norges Bank purchased a new stake in shares of GE Vernova during the 4th quarter valued at $1,109,720,000. Finally, Northern Trust Corp boosted its position 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 purchasing an additional 343,837 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GEV shares. Bank of America increased their price target on GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Citigroup lowered their target price on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Baird R W raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, February 13th. Johnson Rice began coverage on shares of GE Vernova in a report on Friday, February 7th. They issued a “buy” rating and a $425.00 price target for the company. Finally, Royal Bank of Canada dropped their price objective 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. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $369.22.

GE Vernova Stock Down 3.1 %

GEV opened at $394.28 on Friday. The firm’s fifty day simple moving average is $328.62 and its two-hundred day simple moving average is $339.77. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $447.50. The company has a market cap of $107.61 billion and a price-to-earnings ratio of 70.91.

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

GE Vernova Announces Dividend

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