Investment Counsel Co. of Nevada Purchases Shares of 1,403 GE Vernova Inc. (NYSE:GEV)

Investment Counsel Co. of Nevada acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,403 shares of the company's stock, valued at approximately $461,000. GE Vernova makes up approximately 1.2% of Investment Counsel Co. of Nevada's investment portfolio, making the stock its 13th biggest holding.

Other large investors have also modified their holdings of the company. CreativeOne Wealth LLC lifted its position in shares of GE Vernova by 21.8% during the 4th quarter. CreativeOne Wealth LLC now owns 2,632 shares of the company's stock valued at $866,000 after acquiring an additional 471 shares during the period. Mariner LLC grew its holdings in GE Vernova by 2.2% during the 4th quarter. Mariner LLC now owns 53,648 shares of the company's stock valued at $17,647,000 after buying an additional 1,153 shares during the last quarter. Cohen & Steers Inc. acquired a new stake in shares of GE Vernova during the fourth quarter valued at $1,385,000. SageView Advisory Group LLC increased its position in GE Vernova by 36.4% during the 4th quarter. SageView Advisory Group LLC now owns 2,560 shares of the company's stock worth $842,000 after purchasing an additional 683 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new position in GE Vernova in the 4th quarter valued at about $579,000.

GE Vernova Stock Performance

Shares of NYSE:GEV traded down $5.36 during trading hours on Friday, hitting $322.81. The stock had a trading volume of 2,859,246 shares, compared to its average volume of 3,367,032. The stock's fifty day simple moving average is $321.67 and its 200 day simple moving average is $329.61. The firm has a market capitalization of $88.24 billion and a price-to-earnings ratio of 58.06. GE Vernova Inc. has a 1-year low of $132.11 and a 1-year high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last announced 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 business had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GEV shares. The Goldman Sachs Group lifted their price target on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 24th. CICC Research started coverage on GE Vernova in a report on Wednesday, February 19th. They issued an "outperform" rating for the company. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Johnson Rice initiated coverage on GE Vernova in a research note on Friday, February 7th. They issued a "buy" rating and a $425.00 target price for the company. Finally, Susquehanna started coverage on GE Vernova in a research note on Wednesday, April 2nd. They issued a "positive" rating and a $370.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and an average price target of $357.13.

GE Vernova Company 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.