Tower Research Capital LLC TRC Purchases 5,675 Shares of GE Vernova Inc. (NYSE:GEV)

Tower Research Capital LLC TRC increased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 55.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,874 shares of the company's stock after buying an additional 5,675 shares during the quarter. Tower Research Capital LLC TRC's holdings in GE Vernova were worth $5,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of GEV. FMR LLC lifted its position in GE Vernova by 3.4% in the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock valued at $8,177,803,000 after purchasing an additional 814,155 shares during the last quarter. Capital International Investors grew its holdings in GE Vernova by 25.3% in the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock worth $4,886,164,000 after acquiring an additional 2,994,660 shares during the last quarter. Geode Capital Management LLC grew its holdings in GE Vernova by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock worth $1,898,814,000 after acquiring an additional 195,828 shares during the last quarter. Norges Bank bought a new position in shares of GE Vernova during the fourth quarter valued at about $1,109,720,000. Finally, Franklin Resources Inc. boosted its holdings in shares of GE Vernova by 3.7% during the third quarter. Franklin Resources Inc. now owns 1,978,691 shares of the company's stock worth $533,257,000 after purchasing an additional 71,067 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GEV. Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. The Goldman Sachs Group increased their price target on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a research report on Thursday, January 23rd. TD Cowen decreased their target price on GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Johnson Rice began coverage on GE Vernova in a research note on Friday, February 7th. They issued a "buy" rating and a $425.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $369.22.

GE Vernova Trading Up 3.4 %

Shares of GE Vernova stock traded up $12.13 during trading on Friday, reaching $372.62. The stock had a trading volume of 3,955,667 shares, compared to its average volume of 3,369,777. GE Vernova Inc. has a 52 week low of $138.67 and a 52 week high of $447.50. The company has a market capitalization of $101.85 billion and a price-to-earnings ratio of 67.02. The stock has a fifty day moving average price of $318.90 and a two-hundred day moving average price of $331.69.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.46. The firm had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. During the same period in the previous year, the business posted ($0.47) earnings per share. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS 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. Stockholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. GE Vernova's payout ratio is currently 14.41%.

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.