Dana Investment Advisors Inc. Purchases Shares of 891 GE Vernova Inc. $GEV

Dana Investment Advisors Inc. purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 4th quarter, Holdings Channel reports. The firm purchased 891 shares of the company’s stock, valued at approximately $582,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEV. Brighton Jones LLC increased its stake in 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 buying an additional 753 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in GE Vernova by 1.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after buying an additional 26 shares during the last quarter. Jump Financial LLC acquired a new stake in GE Vernova in the 2nd quarter valued at $258,000. Ossiam acquired a new stake in GE Vernova in the 2nd quarter valued at $42,000. Finally, Nebula Research & Development LLC grew its position in shares of GE Vernova by 23.9% in the 2nd quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock valued at $886,000 after acquiring an additional 323 shares during the period.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. Weiss Ratings raised shares of GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Robert W. Baird raised their target price on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. BNP Paribas Exane downgraded GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target on the stock. in a research report on Monday, April 27th. Jefferies Financial Group boosted their price target on GE Vernova from $965.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company boosted their price target on GE Vernova from $831.00 to $896.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,090.76.

GE Vernova Price Performance

Shares of NYSE GEV opened at $1,013.61 on Tuesday. The company has a market cap of $272.38 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 3.93 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average price is $961.74 and its two-hundred day moving average price is $779.07. GE Vernova Inc. has a twelve month low of $421.64 and a twelve month high of $1,181.95.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, topping the consensus estimate of $1.95 by $15.49. The business had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. GE Vernova’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. On average, analysts predict that GE Vernova Inc. will post 14.84 EPS for the current year.

Insider Activity at GE Vernova

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova 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 completion of the sale, the chief accounting officer owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

GE Vernova 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.