DRW Securities LLC Has $1.20 Million Holdings in GE Vernova Inc. (NYSE:GEV)

DRW Securities LLC raised its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 131.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,659 shares of the company's stock after buying an additional 2,079 shares during the quarter. DRW Securities LLC's holdings in GE Vernova were worth $1,204,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on GEV shares. Barclays decreased their price objective on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada reduced their price target on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Citigroup increased their price target on shares of GE Vernova from $361.00 to $437.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Marathon Capitl raised GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on GE Vernova from $436.00 to $425.00 and set an "overweight" rating for the company in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $348.80.

Remove Ads

GE Vernova Trading Down 0.1 %

Shares of NYSE GEV traded down $0.33 during midday trading on Monday, reaching $321.10. The company's stock had a trading volume of 1,021,998 shares, compared to its average volume of 3,397,003. The company has a market cap of $87.77 billion and a price-to-earnings ratio of 57.75. GE Vernova Inc. has a one year low of $128.25 and a one year high of $447.50. The company has a 50 day moving average price of $326.73 and a 200 day moving average price of $328.18.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 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 analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company's revenue was up 5.1% on a year-over-year basis. Research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

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.