GE Vernova Inc. $GEV Shares Bought by Williamson Legacy Group LLC

Williamson Legacy Group LLC grew its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 19.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,683 shares of the company’s stock after purchasing an additional 596 shares during the period. GE Vernova accounts for 1.9% of Williamson Legacy Group LLC’s portfolio, making the stock its 12th biggest position. Williamson Legacy Group LLC’s holdings in GE Vernova were worth $2,407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. raised its holdings in shares of GE Vernova by 344.4% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares during the period. Wealth Watch Advisors INC acquired a new stake in shares of GE Vernova during the third quarter worth $25,000. Torren Management LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth $26,000. ORG Wealth Partners LLC raised its holdings in shares of GE Vernova by 241.7% during the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after purchasing an additional 29 shares during the period. Finally, Navalign LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth $27,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GEV shares. Jefferies Financial Group increased their target price on shares of GE Vernova from $965.00 to $1,350.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Robert W. Baird increased their target price on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Erste Group Bank raised shares of GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. Evercore increased their price objective on shares of GE Vernova from $860.00 to $905.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Royal Bank Of Canada increased their price objective on shares of GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,090.76.

GE Vernova Stock Up 3.2%

GEV stock opened at $1,071.65 on Wednesday. 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 fifty-two week low of $458.65 and a fifty-two week high of $1,181.95. The firm’s 50-day simple moving average is $987.58 and its 200 day simple moving average is $798.82. The stock has a market cap of $287.97 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 3.89 and a beta of 1.51.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating the consensus estimate of $1.95 by $15.49. The firm had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. GE Vernova’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. As a group, sell-side analysts predict that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is presently 5.83%.

Insider Buying and Selling

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. This trade represents a 39.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

GE Vernova Company Profile

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.