HB Wealth Management LLC Acquires 1,192 Shares of GE Vernova Inc. $GEV

HB Wealth Management LLC grew its holdings in GE Vernova Inc. (NYSE:GEVFree Report) by 9.2% in the fourth quarter, Holdings Channel reports. The firm owned 14,218 shares of the company’s stock after buying an additional 1,192 shares during the quarter. HB Wealth Management LLC’s holdings in GE Vernova were worth $9,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GEV. Jackson Grant Investment Advisers Inc. increased its holdings in shares of GE Vernova by 344.4% in the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares in the last quarter. Wealth Watch Advisors INC bought a new stake in shares of GE Vernova in the 3rd quarter worth $25,000. ORG Wealth Partners LLC increased its holdings in shares of GE Vernova by 241.7% in the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after purchasing an additional 29 shares in the last quarter. Monetary Management Group Inc. purchased a new position in shares of GE Vernova in the 2nd quarter worth $32,000. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of GE Vernova by 112.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 53 shares of the company’s stock worth $33,000 after buying an additional 28 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Evercore raised their price target on GE Vernova from $860.00 to $905.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Susquehanna set a $1,300.00 price target on GE Vernova in a research note on Thursday. TD Cowen raised their price target on GE Vernova from $780.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Research upgraded GE Vernova from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. Finally, BMO Capital Markets raised their price target on GE Vernova from $1,110.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Thursday. Three equities research 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 data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $1,041.57.

Check Out Our Latest Report on GE Vernova

GE Vernova Price Performance

NYSE GEV opened at $1,151.01 on Friday. The company has a market capitalization of $309.46 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 4.36 and a beta of 1.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.89. The business’s fifty day moving average is $890.83 and its 200 day moving average is $727.35. GE Vernova Inc. has a fifty-two week low of $337.31 and a fifty-two week high of $1,181.95.

GE Vernova (NYSE:GEVGet Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating the consensus estimate of $1.95 by $15.49. The company had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.GE Vernova’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Sell-side analysts predict that GE Vernova Inc. will post 14.37 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is 11.24%.

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GE Vernova Company 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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