PFG Advisors Reduces Stock Position in GE Vernova Inc. $GEV

PFG Advisors lowered its holdings in shares of GE Vernova Inc. (NYSE:GEVFree Report) by 10.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,461 shares of the company’s stock after selling 671 shares during the quarter. PFG Advisors’ holdings in GE Vernova were worth $3,569,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GEV. Jackson Grant Investment Advisers Inc. boosted its holdings in GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the period. Wealth Watch Advisors INC bought a new stake in GE Vernova during the 3rd quarter valued at $25,000. ORG Wealth Partners LLC raised its position in GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after purchasing an additional 29 shares in the last quarter. Monetary Management Group Inc. bought a new stake in GE Vernova during the 2nd quarter valued at $32,000. Finally, Elevation Wealth Partners LLC raised its position in GE Vernova by 47.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after purchasing an additional 17 shares in the last quarter.

More GE Vernova News

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Analyst Ratings Changes

GEV has been the subject of several recent research reports. Robert W. Baird set a $923.00 price objective on GE Vernova and gave the company an “outperform” rating in a report on Wednesday, February 4th. Weiss Ratings upgraded GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Susquehanna lifted their price objective on GE Vernova from $820.00 to $1,080.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Mizuho set a $714.00 price objective on GE Vernova in a report on Tuesday, February 3rd. Finally, Barclays lifted their price objective on GE Vernova from $849.00 to $993.00 and gave the company an “overweight” rating in a report on Wednesday, April 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $919.48.

Get Our Latest Report on GEV

GE Vernova Trading Up 0.1%

Shares of NYSE:GEV opened at $990.92 on Wednesday. GE Vernova Inc. has a 12-month low of $317.60 and a 12-month high of $1,016.00. The business’s fifty day simple moving average is $878.06 and its 200-day simple moving average is $721.56. The company has a market capitalization of $266.42 billion, a PE ratio of 55.67, a P/E/G ratio of 3.87 and a beta of 1.43.

GE Vernova (NYSE:GEVGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The business had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. During the same period last year, the business posted $1.73 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. Research analysts predict that GE Vernova Inc. will post 14.2 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th were issued a $0.50 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 11.24%.

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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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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