Azzad Asset Management Inc. ADV Buys New Position in GE Vernova Inc. $GEV

Azzad Asset Management Inc. ADV bought a new stake in GE Vernova Inc. (NYSE:GEVFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,977 shares of the company’s stock, valued at approximately $1,215,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Good Life Advisors LLC grew its stake in shares of GE Vernova by 1.0% in the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock worth $875,000 after acquiring an additional 16 shares during the last quarter. Bell Investment Advisors Inc raised its stake in GE Vernova by 6.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock valued at $135,000 after purchasing an additional 16 shares during the last quarter. Northwest Wealth Management LLC boosted its holdings in GE Vernova by 3.6% in the 3rd quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock valued at $286,000 after purchasing an additional 16 shares during the period. AMG National Trust Bank grew its position in GE Vernova by 1.5% in the 2nd quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after purchasing an additional 17 shares during the last quarter. Finally, Graney & King LLC grew its position in GE Vernova by 2.4% in the 2nd quarter. Graney & King LLC now owns 722 shares of the company’s stock worth $382,000 after purchasing an additional 17 shares during the last quarter.

GE Vernova Stock Up 5.6%

NYSE:GEV opened at $778.97 on Monday. The firm has a market capitalization of $209.96 billion, a PE ratio of 43.76, a price-to-earnings-growth ratio of 3.10 and a beta of 1.67. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $795.50. The firm has a 50-day moving average price of $670.00 and a 200 day moving average price of $629.55.

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

GE Vernova Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 5th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, January 5th. GE Vernova’s dividend payout ratio (DPR) is currently 11.24%.

More GE Vernova News

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

Analysts Set New Price Targets

A number of research analysts have recently commented on GEV shares. Royal Bank Of Canada upped their price objective on shares of GE Vernova from $761.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Susquehanna lifted their target price on GE Vernova from $800.00 to $820.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. China Renaissance raised GE Vernova to a “strong-buy” rating in a report on Thursday, January 29th. Morgan Stanley reiterated an “overweight” rating and issued a $817.00 price objective on shares of GE Vernova in a research report on Monday, January 26th. Finally, Guggenheim raised GE Vernova from a “neutral” rating to a “buy” rating and set a $910.00 price objective on the stock in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $788.24.

Get Our Latest Stock Analysis on GE Vernova

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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