Horizon Wealth Management LLC Acquires Shares of 566 GE Vernova Inc. $GEV

Horizon Wealth Management LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 566 shares of the company’s stock, valued at approximately $370,000.

A number of other institutional investors have also recently bought and sold shares of the business. Swiss Life Asset Management Ltd grew its stake in GE Vernova by 6.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 93,657 shares of the company’s stock valued at $61,211,000 after purchasing an additional 5,504 shares during the period. Peterson Wealth Management bought a new position in GE Vernova in the 4th quarter valued at $239,000. Byrne Financial Freedom LLC grew its stake in GE Vernova by 5.1% in the 4th quarter. Byrne Financial Freedom LLC now owns 512 shares of the company’s stock valued at $335,000 after purchasing an additional 25 shares during the period. Asahi Life Asset Management CO. LTD. grew its stake in GE Vernova by 196.6% in the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,041 shares of the company’s stock valued at $680,000 after purchasing an additional 690 shares during the period. Finally, Drive Wealth Management LLC lifted its position in shares of GE Vernova by 22.9% during the 4th quarter. Drive Wealth Management LLC now owns 880 shares of the company’s stock valued at $575,000 after buying an additional 164 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,328.00 price target on shares of GE Vernova in a research report on Friday, April 24th. JPMorgan Chase & Co. upped their price target on GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Wells Fargo & Company upped their price target on GE Vernova from $831.00 to $896.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Robert W. Baird upped their price target on GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, BMO Capital Markets upped their price target on GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Two research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,090.76.

GE Vernova Stock Up 0.1%

Shares of NYSE GEV opened at $1,040.75 on Monday. GE Vernova Inc. has a one year low of $387.03 and a one year high of $1,181.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The business’s fifty day moving average price is $933.83 and its 200-day moving average price is $755.75. The stock has a market capitalization of $279.67 billion, a PE ratio of 30.32, a P/E/G ratio of 3.90 and a beta of 1.51.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The business had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, equities research analysts anticipate that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio is 5.83%.

About GE Vernova

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.