Regal Investment Advisors LLC Invests $256,000 in GE Vernova Inc. (NYSE:GEV)

Regal Investment Advisors LLC bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 777 shares of the company's stock, valued at approximately $256,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of GE Vernova by 3.4% in the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after buying an additional 814,155 shares during the period. Geode Capital Management LLC lifted its position in shares of GE Vernova by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock worth $1,898,814,000 after purchasing an additional 195,828 shares in the last quarter. Norges Bank acquired a new position in GE Vernova in the 4th quarter worth $1,109,720,000. Franklin Resources Inc. boosted its position in GE Vernova by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,978,691 shares of the company's stock valued at $533,257,000 after buying an additional 71,067 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in GE Vernova by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,679,396 shares of the company's stock valued at $552,404,000 after purchasing an additional 49,821 shares during the last quarter.

GE Vernova Price Performance

NYSE GEV opened at $322.81 on Friday. The company has a market capitalization of $88.24 billion and a P/E ratio of 58.06. GE Vernova Inc. has a 12 month low of $132.11 and a 12 month high of $447.50. The company's 50 day simple moving average is $322.67 and its 200 day simple moving average is $329.15.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data 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 company had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova's revenue was up 5.1% on a year-over-year basis. On average, 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 disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova's dividend payout ratio is presently 17.99%.

Analyst Ratings Changes

Several research firms have recently weighed in on GEV. Jefferies Financial Group boosted their target price on shares of GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. cut their price objective on GE Vernova from $436.00 to $425.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Barclays decreased their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Truist Financial set a $440.00 price target on GE Vernova in a research report on Thursday, March 27th. Finally, Royal Bank of Canada dropped their target price on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and an average price target of $357.13.

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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