Rothschild Investment LLC Grows Position in GE Vernova Inc. (NYSE:GEV)

Rothschild Investment LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 1.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,965 shares of the company’s stock after buying an additional 33 shares during the quarter. Rothschild Investment LLC’s holdings in GE Vernova were worth $600,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co grew its stake in GE Vernova by 1.9% during the 4th quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company’s stock worth $560,000 after buying an additional 31 shares during the last quarter. Kovack Advisors Inc. lifted its position in GE Vernova by 1.0% during the 4th quarter. Kovack Advisors Inc. now owns 3,167 shares of the company’s stock worth $1,042,000 after acquiring an additional 31 shares during the period. Fulcrum Equity Management lifted its position in GE Vernova by 3.6% during the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company’s stock worth $291,000 after acquiring an additional 31 shares during the period. NewSquare Capital LLC lifted its position in GE Vernova by 32.4% during the 4th quarter. NewSquare Capital LLC now owns 139 shares of the company’s stock worth $46,000 after acquiring an additional 34 shares during the period. Finally, CWC Advisors LLC. lifted its position in GE Vernova by 2.0% during the 4th quarter. CWC Advisors LLC. now owns 1,870 shares of the company’s stock worth $615,000 after acquiring an additional 36 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. New Street Research set a $380.00 price objective on GE Vernova in a research report on Wednesday, March 5th. Baird R W raised GE Vernova to a “strong-buy” rating in a research report on Thursday, February 13th. Truist Financial set a $440.00 price objective on GE Vernova in a research report on Thursday, March 27th. BMO Capital Markets increased their price objective on GE Vernova from $381.00 to $522.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Robert W. Baird increased their price objective on GE Vernova from $387.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $385.78.

GE Vernova Stock Up 0.1%

Shares of GEV stock opened at $471.56 on Friday. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $489.13. The stock has a market cap of $128.71 billion and a P/E ratio of 84.81. The business has a fifty day simple moving average of $371.84 and a 200-day simple moving average of $355.39.

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

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova’s dividend payout ratio is currently 14.41%.

GE Vernova Profile

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.