Thurston Springer Miller Herd & Titak Inc. Grows Position in GE Vernova Inc. (NYSE:GEV)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 65.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 574 shares of the company’s stock after purchasing an additional 227 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in GE Vernova were worth $175,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after acquiring an additional 753 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of GE Vernova by 7.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,494 shares of the company’s stock valued at $2,136,000 after acquiring an additional 460 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in shares of GE Vernova by 12.2% in the 4th quarter. Stratos Wealth Advisors LLC now owns 1,343 shares of the company’s stock valued at $442,000 after acquiring an additional 146 shares during the last quarter. Tyche Wealth Partners LLC purchased a new stake in shares of GE Vernova in the 4th quarter valued at $226,000. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in shares of GE Vernova in the 4th quarter valued at $229,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GEV. Robert W. Baird boosted their target price on shares of GE Vernova from $387.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Morgan Stanley reiterated an “overweight” rating and issued a $422.00 target price (up from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. New Street Research set a $380.00 target price on shares of GE Vernova in a research note on Wednesday, March 5th. Citigroup decreased their target price on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, TD Cowen decreased their target price on shares of GE Vernova from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $385.78.

GE Vernova Stock Up 0.6%

GEV opened at $487.06 on Friday. The firm has a market capitalization of $132.94 billion, a P/E ratio of 87.60, a price-to-earnings-growth ratio of 3.03 and a beta of 1.97. The stock’s 50 day moving average price is $389.72 and its two-hundred day moving average price is $360.64. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $500.72.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter last year, the firm posted ($0.47) EPS. The company’s revenue was up 10.6% on a year-over-year basis. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. GE Vernova’s dividend payout ratio (DPR) is presently 14.41%.

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.