GE Vernova Inc. (NYSE:GEV) Holdings Lifted by S.A. Mason LLC

S.A. Mason LLC increased its holdings in GE Vernova Inc. (NYSE:GEV) by 79.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 744 shares of the company’s stock after acquiring an additional 329 shares during the period. S.A. Mason LLC’s holdings in GE Vernova were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GEV. Wealth Enhancement Advisory Services LLC grew its position in GE Vernova by 79.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company’s stock valued at $67,622,000 after purchasing an additional 98,034 shares in the last quarter. Grandview Asset Management LLC boosted its stake in shares of GE Vernova by 48.8% during the 1st quarter. Grandview Asset Management LLC now owns 2,149 shares of the company’s stock valued at $656,000 after buying an additional 705 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of GE Vernova by 2.9% during the 1st quarter. State of Alaska Department of Revenue now owns 32,340 shares of the company’s stock valued at $9,872,000 after acquiring an additional 910 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of GE Vernova by 104.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 8,661 shares of the company’s stock worth $2,644,000 after acquiring an additional 4,429 shares during the last quarter. Finally, Friedenthal Financial increased its stake in shares of GE Vernova by 990.4% in the first quarter. Friedenthal Financial now owns 3,413 shares of the company’s stock worth $1,042,000 after acquiring an additional 3,100 shares during the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on GE Vernova from $381.00 to $522.00 and gave the company an “outperform” rating in a research report on Friday, May 30th. Susquehanna reiterated a “positive” rating and set a $499.00 price target (up from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. The Goldman Sachs Group boosted their price target on GE Vernova from $500.00 to $570.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Glj Research raised shares of GE Vernova to a “strong-buy” rating and set a $702.00 price objective on the stock in a research report on Monday. Finally, Bank of America lifted their target price on shares of GE Vernova from $520.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, June 11th. Eight analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $429.13.

GE Vernova Trading Up 2.3%

NYSE GEV opened at $511.61 on Wednesday. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $517.25. The company has a market capitalization of $139.63 billion, a price-to-earnings ratio of 73.72, a PEG ratio of 3.88 and a beta of 1.97. The stock’s 50 day moving average is $432.77 and its two-hundred day moving average is $373.10.

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

GE Vernova Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Monday, July 21st. GE Vernova’s payout ratio is 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.