Heck Capital Advisors LLC Has $38,000 Stock Position in GE Vernova Inc. (NYSE:GEV)

Heck Capital Advisors LLC reduced its position in shares of GE Vernova Inc. (NYSE:GEV) by 88.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125 shares of the company’s stock after selling 933 shares during the period. Heck Capital Advisors LLC’s holdings in GE Vernova were worth $38,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GEV. Vanguard Group Inc. increased its holdings in shares of GE Vernova by 1.8% during the first quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company’s stock worth $7,446,577,000 after buying an additional 432,830 shares in the last quarter. Capital International Investors increased its holdings in shares of GE Vernova by 25.3% during the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company’s stock worth $4,886,164,000 after buying an additional 2,994,660 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of GE Vernova by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company’s stock worth $955,513,000 after buying an additional 214,483 shares in the last quarter. Northern Trust Corp increased its holdings in shares of GE Vernova by 15.0% during the fourth quarter. Northern Trust Corp now owns 2,630,122 shares of the company’s stock worth $865,126,000 after buying an additional 343,837 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of GE Vernova by 32,984.2% during the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company’s stock worth $653,769,000 after buying an additional 2,135,066 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GEV shares. Barclays upped their price target on shares of GE Vernova from $580.00 to $706.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Seaport Res Ptn upgraded shares of GE Vernova to a “strong-buy” rating in a report on Thursday, July 10th. Glj Research started coverage on shares of GE Vernova in a report on Monday, June 23rd. They set a “buy” rating for the company. UBS Group started coverage on shares of GE Vernova in a report on Monday, July 7th. They set a “buy” rating and a $614.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Ten research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $560.21.

GE Vernova Trading Down 3.4%

Shares of GEV opened at $634.79 on Thursday. The stock has a market capitalization of $172.80 billion, a P/E ratio of 152.96, a price-to-earnings-growth ratio of 4.54 and a beta of 1.90. The firm’s fifty day simple moving average is $558.05 and its two-hundred day simple moving average is $429.11. GE Vernova Inc. has a 12 month low of $173.07 and a 12 month high of $677.29.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.65 earnings per share. As a group, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova’s dividend payout ratio is 24.10%.

About GE Vernova

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.