GE Vernova Inc. (NYSE:GEV) Position Increased by Bessemer Group Inc.

Bessemer Group Inc. raised its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 3,315.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 287,676 shares of the company's stock after purchasing an additional 279,254 shares during the period. Bessemer Group Inc. owned 0.10% of GE Vernova worth $94,625,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GEV. Register Financial Advisors LLC purchased a new stake in GE Vernova during the fourth quarter worth approximately $206,000. GPS Wealth Strategies Group LLC boosted its position in GE Vernova by 1,126.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock worth $294,000 after purchasing an additional 822 shares during the period. Yarbrough Capital LLC increased its holdings in GE Vernova by 67.2% in the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after purchasing an additional 1,160 shares in the last quarter. Legacy Bridge LLC raised its position in GE Vernova by 77.0% in the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after purchasing an additional 4,776 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in shares of GE Vernova by 16.6% during the fourth quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock worth $3,247,000 after purchasing an additional 1,408 shares in the last quarter.

GE Vernova Stock Down 0.1 %

GEV stock traded down $0.33 during trading on Monday, reaching $321.10. 1,021,998 shares of the company's stock were exchanged, compared to its average volume of 3,397,003. The firm has a market cap of $87.77 billion and a PE ratio of 57.75. GE Vernova Inc. has a 1-year low of $128.25 and a 1-year high of $447.50. The company's fifty day moving average price is $326.73 and its 200-day moving average price is $328.18.

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GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.57). The firm had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Thursday, April 17th. GE Vernova's payout ratio is currently 17.99%.

Analyst Ratings Changes

A number of research firms have recently issued reports on GEV. Johnson Rice started coverage on GE Vernova in a research note on Friday, February 7th. They issued a "buy" rating and a $425.00 target price for the company. BMO Capital Markets lowered their price objective on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. CICC Research initiated coverage on shares of GE Vernova in a research report on Wednesday, February 19th. They set an "outperform" rating on the stock. The Goldman Sachs Group upped their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, Robert W. Baird assumed coverage on GE Vernova in a research note on Thursday, February 13th. They set an "outperform" rating and a $448.00 price objective for the company. Seven analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $348.80.

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.