First National Bank of Hutchinson Buys New Holdings in GE Vernova Inc. $GEV

First National Bank of Hutchinson purchased a new position in shares of GE Vernova Inc. (NYSE:GEVFree Report) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,219 shares of the company’s stock, valued at approximately $750,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of GE Vernova by 29.4% in the fourth 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. Clear Creek Financial Management LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $342,000. Callan Family Office LLC raised its stake in GE Vernova by 216.5% in the 2nd quarter. Callan Family Office LLC now owns 6,581 shares of the company’s stock valued at $3,482,000 after acquiring an additional 4,502 shares during the period. Baldwin Wealth Partners LLC MA acquired a new stake in GE Vernova during the 2nd quarter valued at $217,000. Finally, Stonebridge Financial Group LLC lifted its holdings in GE Vernova by 10.5% during the 2nd quarter. Stonebridge Financial Group LLC now owns 380 shares of the company’s stock valued at $201,000 after purchasing an additional 36 shares during the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research analyst reports. Barclays reissued an “overweight” rating and issued a $849.00 price objective on shares of GE Vernova in a research report on Monday, February 2nd. Jefferies Financial Group reissued a “buy” rating and issued a $930.00 price target on shares of GE Vernova in a report on Thursday, January 29th. Wall Street Zen upgraded GE Vernova from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Mizuho set a $714.00 target price on GE Vernova in a research report on Tuesday. Finally, Guggenheim raised GE Vernova from a “neutral” rating to a “buy” rating and set a $910.00 price target for the company in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $788.24.

Get Our Latest Stock Analysis on GEV

GE Vernova Trading Up 5.6%

Shares of GEV opened at $778.97 on Friday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $795.50. The firm’s 50 day moving average is $670.00 and its 200-day moving average is $629.55. The stock has a market capitalization of $209.96 billion, a PE ratio of 43.76, a P/E/G ratio of 3.10 and a beta of 1.67.

GE Vernova (NYSE:GEVGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The business had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. During the same quarter in the prior year, the business posted $1.73 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 5th were issued a dividend of $0.50 per share. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, January 5th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. GE Vernova’s payout ratio is currently 11.24%.

GE Vernova News Roundup

Here are the key news stories impacting GE Vernova this week:

GE Vernova Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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