Strategic Family Wealth Counselors L.L.C. Takes $377,000 Position in GE Vernova Inc. $GEV

Strategic Family Wealth Counselors L.L.C. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 551 shares of the company’s stock, valued at approximately $377,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. RFG Advisory LLC boosted its stake in GE Vernova by 2.1% during the fourth quarter. RFG Advisory LLC now owns 634 shares of the company’s stock worth $414,000 after buying an additional 13 shares during the period. Voisard Asset Management Group Inc. raised its stake in shares of GE Vernova by 2.7% in the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock valued at $376,000 after acquiring an additional 15 shares during the period. Clean Yield Group lifted its holdings in shares of GE Vernova by 2.2% in the 4th quarter. Clean Yield Group now owns 685 shares of the company’s stock worth $448,000 after acquiring an additional 15 shares during the last quarter. Sutton Place Investors LLC lifted its holdings in shares of GE Vernova by 3.1% in the 4th quarter. Sutton Place Investors LLC now owns 531 shares of the company’s stock worth $347,000 after acquiring an additional 16 shares during the last quarter. Finally, Washburn Capital Management Inc. boosted its position in shares of GE Vernova by 0.3% during the 4th quarter. Washburn Capital Management Inc. now owns 4,735 shares of the company’s stock worth $3,095,000 after purchasing an additional 16 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GEV. Robert W. Baird boosted their target price on 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 lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. China Renaissance raised GE Vernova to a “strong-buy” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Wells Fargo & Company increased their target price on GE Vernova from $831.00 to $896.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,090.76.

GE Vernova Stock Performance

Shares of GEV stock opened at $1,088.45 on Friday. The firm has a 50 day moving average of $953.65 and a two-hundred day moving average of $772.68. The stock has a market capitalization of $292.49 billion, a PE ratio of 31.71, a P/E/G ratio of 3.98 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. GE Vernova Inc. has a 52 week low of $421.64 and a 52 week high of $1,181.95.

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 analysts’ consensus estimates of $1.95 by $15.49. The business had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, research analysts predict that GE Vernova Inc. will post 14.84 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 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.