Gerber Kawasaki Wealth & Investment Management Acquires Shares of 675 GE Vernova Inc. (NYSE:GEV)

Gerber Kawasaki Wealth & Investment Management acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 675 shares of the company's stock, valued at approximately $222,000.

Several other large investors also recently bought and sold shares of GEV. Armstrong Advisory Group Inc. raised its holdings in shares of GE Vernova by 3.5% in the fourth quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company's stock valued at $262,000 after buying an additional 27 shares during the last quarter. Hengehold Capital Management LLC raised its holdings in shares of GE Vernova by 2.4% in the fourth quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company's stock valued at $405,000 after buying an additional 29 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of GE Vernova by 1.6% in the fourth quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company's stock valued at $611,000 after buying an additional 30 shares during the last quarter. Mutual Advisors LLC raised its holdings in shares of GE Vernova by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 2,701 shares of the company's stock valued at $888,000 after buying an additional 31 shares during the last quarter. Finally, WASHINGTON TRUST Co raised its holdings in shares of GE Vernova by 1.9% in the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock valued at $560,000 after buying an additional 31 shares during the last quarter.

Analysts Set New Price Targets

GEV has been the subject of a number of research reports. Guggenheim reaffirmed a "buy" rating and issued a $380.00 target price on shares of GE Vernova in a report on Thursday. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a report on Thursday, January 23rd. Royal Bank of Canada cut their price target on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of GE Vernova from $436.00 to $425.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $369.22.

GE Vernova Trading Up 3.4 %

GE Vernova stock opened at $372.62 on Monday. The firm has a market capitalization of $101.85 billion and a P/E ratio of 67.02. The stock has a fifty day moving average price of $318.90 and a 200 day moving average price of $333.37. GE Vernova Inc. has a 52 week low of $149.42 and a 52 week high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.45 by $0.46. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. During the same period in the prior year, the firm posted ($0.47) earnings per share. As a group, equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.27%. GE Vernova's payout ratio is currently 14.41%.

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.

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