Webs Creek Capital Management LP increased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 34.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,640 shares of the company's stock after acquiring an additional 20,077 shares during the period. GE Vernova comprises 6.2% of Webs Creek Capital Management LP's holdings, making the stock its 10th largest holding. Webs Creek Capital Management LP's holdings in GE Vernova were worth $25,867,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC increased its stake in shares of GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after purchasing an additional 39 shares during the last quarter. MRP Capital Investments LLC acquired a new stake in GE Vernova in the fourth quarter valued at about $25,000. Fairway Wealth LLC grew its position in GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. Pineridge Advisors LLC raised its stake in GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after acquiring an additional 69 shares in the last quarter. Finally, Pinpoint Asset Management Ltd acquired a new position in GE Vernova during the fourth quarter worth about $30,000.
GE Vernova Stock Up 3.0 %
Shares of NYSE GEV opened at $335.99 on Thursday. The firm has a market cap of $91.84 billion and a PE ratio of 60.43. The company's fifty day simple moving average is $319.03 and its 200 day simple moving average is $331.01. GE Vernova Inc. has a 12-month low of $138.67 and a 12-month high of $447.50.
GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.46. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the prior year, the firm earned ($0.47) EPS. On average, equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.
GE Vernova Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.30%. GE Vernova's dividend payout ratio is 17.99%.
Analyst Ratings Changes
Several brokerages recently issued reports on GEV. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a report on Thursday, January 23rd. Barclays decreased their target price on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Guggenheim reiterated a "buy" rating and issued a $380.00 price target on shares of GE Vernova in a research note on Thursday, April 17th. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group increased their target price on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $365.54.
Get Our Latest Report on GE Vernova
GE Vernova Profile
(
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
