KRS Capital Management LLC Has $528,000 Stock Position in GE Vernova Inc. (NYSE:GEV)

KRS Capital Management LLC lifted its stake in GE Vernova Inc. (NYSE:GEV) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,728 shares of the company’s stock after acquiring an additional 95 shares during the period. KRS Capital Management LLC’s holdings in GE Vernova were worth $528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. WASHINGTON TRUST Co grew its stake in shares of GE Vernova by 1.9% in the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company’s stock worth $560,000 after acquiring an additional 31 shares during the last quarter. Kovack Advisors Inc. lifted its position in GE Vernova by 1.0% in the fourth quarter. Kovack Advisors Inc. now owns 3,167 shares of the company’s stock worth $1,042,000 after purchasing an additional 31 shares during the period. Fulcrum Equity Management lifted its position in GE Vernova by 3.6% in the fourth quarter. Fulcrum Equity Management now owns 886 shares of the company’s stock worth $291,000 after purchasing an additional 31 shares during the period. Rothschild Investment LLC lifted its position in GE Vernova by 1.7% in the first quarter. Rothschild Investment LLC now owns 1,965 shares of the company’s stock worth $600,000 after purchasing an additional 33 shares during the period. Finally, Johnson & White Wealth Management LLC lifted its position in GE Vernova by 3.7% in the first quarter. Johnson & White Wealth Management LLC now owns 929 shares of the company’s stock worth $284,000 after purchasing an additional 33 shares during the period.

GE Vernova Stock Down 0.8%

Shares of GEV stock opened at $484.15 on Friday. The stock has a 50-day moving average price of $386.29 and a 200 day moving average price of $359.63. The firm has a market cap of $132.14 billion, a price-to-earnings ratio of 87.08, a PEG ratio of 3.03 and a beta of 1.97. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $500.72.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned ($0.47) earnings per share. Sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on GEV. New Street Research set a $380.00 target price on GE Vernova in a research 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 for the company in a research report on Tuesday, March 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $422.00 target price (up from $400.00) on shares of GE Vernova in a research report on Thursday, April 24th. Robert W. Baird raised their target price on GE Vernova from $387.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Finally, 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 report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $385.78.

About GE Vernova

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.