724 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Smith Shellnut Wilson LLC ADV

Smith Shellnut Wilson LLC ADV bought a new position in GE Vernova Inc. (NYSE:GEV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 724 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds also recently made changes to their positions in GEV. Janney Montgomery Scott LLC increased its stake in shares of GE Vernova by 18.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 45,488 shares of the company’s stock worth $14,963,000 after buying an additional 7,099 shares during the period. Mutual Advisors LLC increased its stake in shares of GE Vernova by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 2,701 shares of the company’s stock worth $888,000 after buying an additional 31 shares during the period. Brighton Jones LLC boosted its holdings in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after acquiring an additional 753 shares in the last quarter. RFG Advisory LLC bought a new stake in GE Vernova in the fourth quarter valued at $219,000. Finally, Geneos Wealth Management Inc. bought a new stake in GE Vernova in the fourth quarter valued at $669,000.

Analyst Ratings Changes

Several analysts recently weighed in on GEV shares. Guggenheim reiterated a “buy” rating and issued a $380.00 price target on shares of GE Vernova in a report on Thursday, April 24th. TD Cowen cut their price target on shares of GE Vernova from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Baird R W upgraded shares of GE Vernova to a “strong-buy” rating in a report on Thursday, February 13th. Susquehanna reiterated a “positive” rating and issued a $499.00 price target (up previously from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Finally, Citigroup cut their price target on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $374.62.

GE Vernova Stock Performance

NYSE GEV opened at $465.36 on Tuesday. The company has a market capitalization of $127.01 billion and a P/E ratio of 83.70. GE Vernova Inc. has a one year low of $150.01 and a one year high of $477.91. The stock has a 50 day moving average price of $360.85 and a 200-day moving average price of $351.62.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.47) EPS. As a group, equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared 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 of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. GE Vernova’s dividend payout ratio is presently 14.41%.

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.