MetLife Investment Management LLC boosted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,905 shares of the company's stock after buying an additional 1,490 shares during the quarter. MetLife Investment Management LLC's holdings in GE Vernova were worth $23,981,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in GEV. Cedar Mountain Advisors LLC grew its stake in GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after purchasing an additional 39 shares in the last quarter. MRP Capital Investments LLC purchased a new stake in shares of GE Vernova in the 4th quarter worth $25,000. Fairway Wealth LLC grew its position in shares of GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after buying an additional 55 shares in the last quarter. Pineridge Advisors LLC increased its stake in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after buying an additional 69 shares during the period. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of GE Vernova in the fourth quarter valued at about $30,000.
Analyst Ratings Changes
GEV has been the topic of several recent research reports. Barclays dropped their target price on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Truist Financial set a $440.00 target price on GE Vernova in a research report on Thursday, March 27th. Citigroup reduced 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. Marathon Capitl upgraded shares of GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Finally, Bank of America lifted their price objective on shares of GE Vernova from $380.00 to $415.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Six equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $369.22.
View Our Latest Report on GE Vernova
GE Vernova Trading Up 3.4 %
GEV traded up $12.37 on Friday, hitting $372.86. 2,683,184 shares of the company's stock were exchanged, compared to its average volume of 3,365,191. The stock has a market cap of $101.92 billion and a price-to-earnings ratio of 67.01. GE Vernova Inc. has a fifty-two week low of $138.67 and a fifty-two week high of $447.50. The firm has a 50-day moving average price of $318.90 and a 200-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 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.46. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the company posted ($0.47) earnings per share. On average, equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.
GE Vernova Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.27%. GE Vernova's payout ratio is 14.41%.
GE Vernova Company 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.
Featured Articles
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
