GE Vernova Inc. (NYSE:GEV) Shares Purchased by Symmetry Investments LP

Symmetry Investments LP increased its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,719 shares of the company's stock after acquiring an additional 18,712 shares during the quarter. GE Vernova makes up about 0.8% of Symmetry Investments LP's portfolio, making the stock its 24th biggest holding. Symmetry Investments LP's holdings in GE Vernova were worth $16,025,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. MRP Capital Investments LLC purchased a new stake in shares of GE Vernova during the fourth quarter worth about $25,000. Cedar Mountain Advisors LLC increased its stake in GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after buying an additional 39 shares in the last quarter. Fairway Wealth LLC raised its holdings in shares of GE Vernova by 220.0% during 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 lifted its position in shares of GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after acquiring an additional 69 shares in the last quarter. Finally, Pinpoint Asset Management Ltd acquired a new stake in shares of GE Vernova in the fourth quarter worth approximately $30,000.

GE Vernova Stock Up 4.4 %

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 business has a fifty day simple moving average of $319.66 and a 200-day simple moving average of $330.98. The firm has a market cap of $89.37 billion and a P/E ratio of 58.80.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.57). The firm had revenue of $10.56 billion for the quarter, compared to analysts' expectations of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova's payout ratio is 17.99%.

Analysts Set New Price Targets

Several research firms recently commented on GEV. Bank of America increased their price objective on GE Vernova from $380.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. The Goldman Sachs Group raised 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. BMO Capital Markets dropped their price objective on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. New Street Research set a $380.00 target price on shares of GE Vernova in a research note on Wednesday, March 5th. Finally, Citigroup dropped their price target on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $365.54.

GE Vernova 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.

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.