Regal Investment Advisors LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

Regal Investment Advisors LLC acquired a new position in GE Vernova Inc. (NYSE:GEV) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 777 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GEV. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth approximately $25,000. Cedar Mountain Advisors LLC increased its stake in shares of GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock worth $25,000 after acquiring an additional 39 shares during the last quarter. Fairway Wealth LLC raised its holdings in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares in the last quarter. Pineridge Advisors LLC boosted its position in GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock valued at $27,000 after purchasing an additional 69 shares during the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new position in GE Vernova in the fourth quarter valued at about $30,000.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research reports. Susquehanna initiated coverage on GE Vernova in a report on Wednesday, April 2nd. They issued a “positive” rating and a $370.00 price objective on the stock. New Street Research set a $380.00 price target on shares of GE Vernova in a report on Wednesday, March 5th. The Goldman Sachs Group upped their price objective 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. Robert W. Baird reduced their price target on GE Vernova from $448.00 to $387.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Baird R W raised GE Vernova to a “strong-buy” rating in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned 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 an average target price of $357.13.

GE Vernova Price Performance

GE Vernova stock opened at $322.81 on Friday. The business has a 50 day simple moving average of $322.67 and a 200 day simple moving average of $329.15. GE Vernova Inc. has a one year low of $132.11 and a one year high of $447.50. The company has a market capitalization of $88.24 billion and a PE ratio of 58.06.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, January 22nd. The company reported $1.73 EPS 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 analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business’s revenue was up 5.1% on a year-over-year basis. Equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.31%. GE Vernova’s dividend payout ratio is 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.