Menard Financial Group LLC Buys New Position in GE Vernova Inc. $GEV

Menard Financial Group LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,022 shares of the company’s stock, valued at approximately $541,000.

A number of other institutional investors also recently made changes to their positions in the stock. WFA Asset Management Corp bought a new stake in shares of GE Vernova in the 2nd quarter worth $29,000. 1248 Management LLC bought a new stake in shares of GE Vernova in the 1st quarter worth approximately $31,000. Saudi Central Bank acquired a new stake in GE Vernova during the first quarter valued at approximately $33,000. Ransom Advisory Ltd bought a new stake in GE Vernova during the first quarter worth approximately $33,000. Finally, Highline Wealth Partners LLC boosted its holdings in GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after buying an additional 18 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays upped their price target on GE Vernova from $706.00 to $710.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Wells Fargo & Company boosted their target price on GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Rothschild Redb downgraded GE Vernova from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Citigroup dropped their price target on GE Vernova from $670.00 to $658.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Finally, HSBC upped their price objective on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research note on Friday, September 5th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

GE Vernova Price Performance

Shares of GEV stock opened at $601.72 on Wednesday. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The stock’s 50-day moving average is $590.20 and its two-hundred day moving average is $572.86. The firm has a market cap of $163.26 billion, a P/E ratio of 98.00, a PEG ratio of 4.29 and a beta of 1.71.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same period in the previous year, the firm posted ($0.35) EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, October 20th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is 16.29%.

GE Vernova Profile

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.