Focus Partners Wealth Has $11.75 Million Holdings in GE Vernova Inc. (NYSE:GEV)

Focus Partners Wealth boosted its position in GE Vernova Inc. (NYSE:GEV) by 18.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,166 shares of the company’s stock after buying an additional 5,283 shares during the quarter. Focus Partners Wealth’s holdings in GE Vernova were worth $11,754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of GEV. Cedar Mountain Advisors LLC grew its position in GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock worth $25,000 after purchasing an additional 39 shares during the last quarter. MRP Capital Investments LLC acquired a new stake in GE Vernova in the 4th quarter worth $25,000. Fairway Wealth LLC grew its position in GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Pineridge Advisors LLC grew its position in GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 69 shares during the last quarter. Finally, Navigoe LLC acquired a new stake in GE Vernova in the 4th quarter worth $27,000.

GE Vernova Trading Up 4.4%

GEV opened at $416.85 on Tuesday. The stock has a market capitalization of $113.77 billion and a PE ratio of 74.97. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50. The firm has a 50-day moving average price of $332.32 and a two-hundred day moving average price of $342.20.

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

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Thursday, April 17th. GE Vernova’s dividend payout ratio is 14.41%.

Analyst Ratings Changes

Several analysts have issued reports on GEV shares. JPMorgan Chase & Co. decreased their price target on shares of GE Vernova from $436.00 to $425.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. CICC Research began coverage on shares of GE Vernova in a report on Wednesday, February 19th. They set an “outperform” rating for the company. New Street Research set a $380.00 price objective on shares of GE Vernova in a report on Wednesday, March 5th. Barclays reduced their price objective on shares of GE Vernova from $487.00 to $427.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, Johnson Rice began coverage on shares of GE Vernova in a report on Friday, February 7th. They set a “buy” rating and a $425.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price of $369.22.

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.