Waterloo Capital L.P. Acquires New Shares in GE Vernova Inc. (NYSE:GEV)

Waterloo Capital L.P. purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,139 shares of the company's stock, valued at approximately $375,000.

Several other institutional investors have also recently made changes to their positions in GEV. Howard Capital Management Group LLC bought a new position in shares of GE Vernova in the third quarter worth approximately $213,000. Janus Henderson Group PLC increased its holdings in shares of GE Vernova by 5.8% in the 3rd quarter. Janus Henderson Group PLC now owns 32,881 shares of the company's stock worth $8,380,000 after buying an additional 1,800 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of GE Vernova during the 3rd quarter valued at $2,109,000. Kovitz Investment Group Partners LLC bought a new stake in shares of GE Vernova during the 3rd quarter worth $1,568,000. Finally, EP Wealth Advisors LLC grew its position in GE Vernova by 25.8% in the third quarter. EP Wealth Advisors LLC now owns 5,890 shares of the company's stock worth $1,502,000 after acquiring an additional 1,208 shares in the last quarter.

GE Vernova Stock Up 2.7 %

Shares of NYSE GEV traded up $8.30 on Friday, reaching $318.25. 1,162,396 shares of the company's stock traded hands, compared to its average volume of 3,409,042. The business's 50 day simple moving average is $327.44 and its two-hundred day simple moving average is $327.19. GE Vernova Inc. has a 12 month low of $128.25 and a 12 month high of $447.50. The company has a market cap of $86.99 billion and a price-to-earnings ratio of 57.29.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share 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 company had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.70 billion. The firm's revenue was up 5.1% on a year-over-year basis. Analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.31%. The ex-dividend date is Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is 17.99%.

Analysts Set New Price Targets

GEV has been the subject of several research analyst reports. CICC Research assumed coverage on GE Vernova in a research note on Wednesday, February 19th. They set an "outperform" rating for the company. Baird R W raised GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Susquehanna started coverage on shares of GE Vernova in a research note on Wednesday, April 2nd. They set a "positive" rating and a $370.00 price target on the stock. New Street Research set a $380.00 price objective on shares of GE Vernova in a research note on Wednesday, March 5th. Finally, Robert W. Baird began coverage on shares of GE Vernova in a research report on Thursday, February 13th. They issued an "outperform" rating and a $448.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $348.80.

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.