Advisory Services Network LLC Grows Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Advisory Services Network LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 115.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,075 shares of the company's stock after buying an additional 10,751 shares during the quarter. Advisory Services Network LLC's holdings in GE Vernova were worth $6,603,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of GE Vernova by 3.4% in the 4th quarter. FMR LLC now owns 24,861,833 shares of the company's stock valued at $8,177,803,000 after purchasing an additional 814,155 shares during the last quarter. Geode Capital Management LLC lifted its position in GE Vernova by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock valued at $1,898,814,000 after buying an additional 195,828 shares during the last quarter. Norges Bank purchased a new position in GE Vernova during the fourth quarter worth about $1,109,720,000. Franklin Resources Inc. increased its position in shares of GE Vernova by 3.7% during the third quarter. Franklin Resources Inc. now owns 1,978,691 shares of the company's stock valued at $533,257,000 after acquiring an additional 71,067 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of GE Vernova by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,679,396 shares of the company's stock valued at $552,404,000 after acquiring an additional 49,821 shares during the period.

Analyst Ratings Changes

GEV has been the subject of a number of research analyst reports. Johnson Rice assumed coverage on shares of GE Vernova in a report on Friday, February 7th. They issued a "buy" rating and a $425.00 target price for the company. Susquehanna initiated coverage on GE Vernova in a research note on Wednesday, April 2nd. They issued a "positive" rating and a $370.00 price objective for the company. BMO Capital Markets lowered their target price on GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Citigroup lifted their target price on GE Vernova from $361.00 to $437.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Finally, New Street Research set a $380.00 price target on shares of GE Vernova in a research report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $348.80.

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GE Vernova Trading Up 3.6 %

NYSE:GEV traded up $11.04 during midday trading on Friday, hitting $320.99. 2,799,595 shares of the company were exchanged, compared to its average volume of 3,406,207. GE Vernova Inc. has a fifty-two week low of $128.25 and a fifty-two week high of $447.50. The company has a market capitalization of $87.74 billion and a PE ratio of 57.73. The company has a fifty day simple moving average of $326.73 and a 200 day simple moving average of $328.18.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). The firm had revenue of $10.56 billion during the quarter, compared to analysts' expectations of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. GE Vernova's quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Thursday, April 17th. GE Vernova's payout ratio is currently 17.99%.

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.