Cerity Partners LLC Grows Stake in GE Vernova Inc. (NYSE:GEV)

Cerity Partners LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,200 shares of the company's stock after acquiring an additional 1,667 shares during the period. Cerity Partners LLC's holdings in GE Vernova were worth $17,290,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Cedar Mountain Advisors LLC boosted its position in shares of GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after purchasing an additional 39 shares in the last quarter. MRP Capital Investments LLC bought a new stake in GE Vernova in the fourth quarter worth $25,000. Fairway Wealth LLC grew its stake in shares of GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Pineridge Advisors LLC increased its holdings in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after acquiring an additional 69 shares in the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of GE Vernova in the 4th quarter worth about $30,000.

GE Vernova Price Performance

Shares of GEV stock traded up $5.73 on Monday, hitting $327.16. 712,806 shares of the stock traded hands, compared to its average volume of 3,395,733. GE Vernova Inc. has a 52 week low of $128.25 and a 52 week high of $447.50. The firm has a market cap of $89.43 billion and a price-to-earnings ratio of 58.84. The firm has a 50 day simple moving average of $326.73 and a two-hundred day simple moving average of $328.18.

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

GE Vernova Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on GEV shares. Susquehanna assumed coverage on shares of GE Vernova in a research report on Wednesday, April 2nd. They set a "positive" rating and a $370.00 price objective on the stock. Truist Financial set a $440.00 price target on shares of GE Vernova in a report on Thursday, March 27th. The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Jefferies Financial Group increased their target price on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada decreased their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.