Wolf Hill Capital Management LP Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Wolf Hill Capital Management LP acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,000 shares of the company's stock, valued at approximately $9,868,000. GE Vernova accounts for approximately 0.7% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 24th biggest position.

Other large investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its stake in GE Vernova by 3.5% during the 4th quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company's stock worth $262,000 after buying an additional 27 shares during the period. Hengehold Capital Management LLC raised its position in shares of GE Vernova by 2.4% during the fourth quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company's stock worth $405,000 after purchasing an additional 29 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of GE Vernova by 1.6% during the 4th quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company's stock valued at $611,000 after purchasing an additional 30 shares in the last quarter. Mutual Advisors LLC grew its position in shares of GE Vernova by 1.2% in the 4th quarter. Mutual Advisors LLC now owns 2,701 shares of the company's stock valued at $888,000 after purchasing an additional 31 shares during the period. Finally, WASHINGTON TRUST Co increased its stake in GE Vernova by 1.9% during the 4th quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock worth $560,000 after purchasing an additional 31 shares in the last quarter.

Analysts Set New Price Targets

GEV has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of GE Vernova from $446.00 to $500.00 and gave the company a "buy" rating in a report on Friday, January 24th. New Street Research set a $380.00 target price on GE Vernova in a report on Wednesday, March 5th. Susquehanna boosted their price target on GE Vernova from $370.00 to $399.00 and gave the company a "positive" rating in a report on Thursday. CICC Research assumed coverage on GE Vernova in a report on Wednesday, February 19th. They set an "outperform" rating for the company. Finally, Barclays cut their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $369.22.

GE Vernova Stock Performance

Shares of GEV stock traded up $12.13 during mid-day trading on Friday, hitting $372.62. The company's stock had a trading volume of 3,956,787 shares, compared to its average volume of 3,358,999. GE Vernova Inc. has a 52 week low of $149.42 and a 52 week high of $447.50. The company's fifty day simple moving average is $318.90 and its 200-day simple moving average is $331.69. The company has a market cap of $101.85 billion and a PE ratio of 67.02.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.46. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the previous year, the company earned ($0.47) EPS. On average, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova's payout ratio is currently 14.41%.

GE Vernova Company 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.