Brasada Capital Management LP lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 1,100.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,003 shares of the company's stock after purchasing an additional 11,003 shares during the period. Brasada Capital Management LP's holdings in GE Vernova were worth $4,299,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Register Financial Advisors LLC purchased a new position in GE Vernova in the 4th quarter worth about $206,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of GE Vernova by 1,126.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock worth $294,000 after buying an additional 822 shares during the period. Yarbrough Capital LLC increased its position in shares of GE Vernova by 67.2% in the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock worth $949,000 after acquiring an additional 1,160 shares in the last quarter. Legacy Bridge LLC raised its holdings in shares of GE Vernova by 77.0% during the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after acquiring an additional 4,776 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of GE Vernova by 16.6% in the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after acquiring an additional 1,408 shares in the last quarter.
GE Vernova Stock Performance
Shares of NYSE:GEV opened at $326.94 on Wednesday. GE Vernova Inc. has a 52-week low of $137.87 and a 52-week high of $447.50. The company has a market cap of $89.37 billion and a P/E ratio of 58.80. The stock's 50-day moving average is $319.66 and its 200-day moving average is $330.98.
GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results 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). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. The firm's quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.
GE Vernova Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given 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 of this dividend is Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is currently 17.99%.
Analysts Set New Price Targets
GEV has been the topic of several research analyst reports. Marathon Capitl upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. Guggenheim reiterated a "buy" rating and set a $380.00 price target on shares of GE Vernova in a report on Thursday, April 17th. Citigroup reduced their price objective on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. CICC Research started coverage on GE Vernova in a research note on Wednesday, February 19th. They set an "outperform" rating on the stock. Finally, New Street Research set a $380.00 price target on shares of GE Vernova in a research report on Wednesday, March 5th. 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's stock. Based on data from MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $365.54.
View Our Latest Research Report on GEV
About GE Vernova
(
Free Report)
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.
See Also
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