Garrett Wealth Advisory Group LLC Has $795,000 Stock Position in GE Vernova Inc. $GEV

Garrett Wealth Advisory Group LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 105.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,216 shares of the company’s stock after acquiring an additional 624 shares during the quarter. Garrett Wealth Advisory Group LLC’s holdings in GE Vernova were worth $795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEV. Jackson Grant Investment Advisers Inc. increased its position in GE Vernova by 344.4% in 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 acquired a new position in GE Vernova in the 3rd quarter valued at approximately $25,000. Torren Management LLC acquired a new position in GE Vernova in the 4th quarter valued at approximately $26,000. ORG Wealth Partners LLC increased its position in GE Vernova by 241.7% in the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after acquiring an additional 29 shares during the period. Finally, Monetary Management Group Inc. acquired a new position in GE Vernova in the 2nd quarter valued at approximately $32,000.

Analyst Upgrades and Downgrades

GEV has been the subject of several recent research reports. Robert W. Baird upped their price target on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Glj Research upped their price target on shares of GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Jefferies Financial Group upped their price target on shares of GE Vernova from $965.00 to $1,350.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Erste Group Bank upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $1,090.76.

GE Vernova Trading Down 0.5%

GEV opened at $1,040.75 on Friday. GE Vernova Inc. has a twelve month low of $387.03 and a twelve month high of $1,181.95. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $933.83 and a 200-day moving average of $755.75. The stock has a market cap of $279.67 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 3.90 and a beta of 1.51.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping the consensus estimate of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the prior year, the company posted $0.91 earnings per share. GE Vernova’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, sell-side analysts predict that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders 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 dividend yield of 0.2%. GE Vernova’s dividend payout ratio is 5.83%.

About GE Vernova

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.