GE Vernova Inc. (NYSE:GEV) Shares Bought by Ieq Capital LLC

Ieq Capital LLC grew its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 106.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,541 shares of the company's stock after purchasing an additional 15,234 shares during the period. Ieq Capital LLC's holdings in GE Vernova were worth $9,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mountaineer Partners Management LLC purchased a new stake in shares of GE Vernova in the 3rd quarter valued at approximately $2,507,296,000. International Assets Investment Management LLC raised its holdings in shares of GE Vernova by 35,238.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,435,792 shares of the company's stock valued at $366,098,000 after buying an additional 1,431,729 shares during the period. WCM Investment Management LLC grew its position in GE Vernova by 83.1% in the 3rd quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company's stock valued at $639,704,000 after acquiring an additional 1,161,901 shares in the last quarter. FMR LLC increased its stake in GE Vernova by 2.5% during the third quarter. FMR LLC now owns 24,047,678 shares of the company's stock worth $6,131,677,000 after purchasing an additional 584,208 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of GE Vernova by 34.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,812,192 shares of the company's stock worth $462,073,000 after purchasing an additional 460,834 shares in the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of research reports. Marathon Capitl upgraded shares of GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Wells Fargo & Company upped their price objective on GE Vernova from $385.00 to $411.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Jefferies Financial Group lifted their target price on GE Vernova from $348.00 to $391.00 and gave the company a "buy" rating in a report on Friday, December 13th. Guggenheim lowered GE Vernova from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research report on Friday, January 24th. Finally, TD Cowen started coverage on GE Vernova in a research report on Thursday, December 5th. They set a "buy" rating and a $400.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $350.13.

GE Vernova Price Performance

Shares of NYSE:GEV traded down $32.00 on Friday, reaching $327.68. The company's stock had a trading volume of 6,959,273 shares, compared to its average volume of 3,723,897. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $447.50. The stock has a market capitalization of $90.41 billion and a P/E ratio of 58.93. The stock's 50-day moving average is $364.50 and its two-hundred day moving average is $298.16.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.57). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $10.56 billion for the quarter, compared to analysts' expectations of $10.70 billion. The firm's revenue was up 5.1% on a year-over-year basis. Equities analysts forecast 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 was paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Friday, December 20th. GE Vernova's dividend payout ratio (DPR) is presently 17.99%.

GE Vernova declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 10th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 6.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

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.