Fairfield Bush & CO. Acquires Shares of 1,968 GE Vernova Inc. (NYSE:GEV)

Fairfield Bush & CO. bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,968 shares of the company's stock, valued at approximately $647,000.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Susquehanna assumed coverage on shares of GE Vernova in a research note on Wednesday, April 2nd. They issued a "positive" rating and a $370.00 price target for the company. Jefferies Financial Group boosted their price target on GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Barclays reduced their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. New Street Research set a $380.00 price target on GE Vernova in a report on Wednesday, March 5th. Finally, Bank of America upped their price objective on shares of GE Vernova from $380.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Seven 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $357.13.

GE Vernova Trading Down 1.6 %

Shares of GE Vernova stock traded down $5.36 during trading on Friday, hitting $322.81. The stock had a trading volume of 2,859,246 shares, compared to its average volume of 3,362,406. The firm has a market cap of $88.24 billion and a price-to-earnings ratio of 58.06. The business's 50-day moving average is $321.67 and its 200 day moving average is $330.15. GE Vernova Inc. has a 12 month low of $132.11 and a 12 month high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly 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 business had revenue of $10.56 billion for the quarter, compared to analysts' expectations 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 was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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

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.