Yaupon Capital Management LP Has $15.92 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Yaupon Capital Management LP decreased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 32.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,390 shares of the company's stock after selling 22,757 shares during the period. Yaupon Capital Management LP's holdings in GE Vernova were worth $15,917,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of GEV. Hsbc Holdings PLC raised its holdings in GE Vernova by 2.6% in the 4th quarter. Hsbc Holdings PLC now owns 464,420 shares of the company's stock worth $153,192,000 after acquiring an additional 11,840 shares during the period. Wolf Hill Capital Management LP acquired a new stake in shares of GE Vernova in the fourth quarter valued at about $9,868,000. Fayez Sarofim & Co bought a new position in shares of GE Vernova in the fourth quarter worth about $244,000. J. Safra Sarasin Holding AG acquired a new position in shares of GE Vernova during the 4th quarter worth about $5,704,000. Finally, Wealth Dimensions Group Ltd. boosted its stake in GE Vernova by 5.7% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 1,603 shares of the company's stock valued at $527,000 after purchasing an additional 86 shares during the period.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research analyst reports. William Blair restated an "outperform" rating on shares of GE Vernova in a research note on Thursday, January 23rd. Guggenheim reiterated a "buy" rating and set a $380.00 price target on shares of GE Vernova in a research note on Thursday. Morgan Stanley reissued an "overweight" rating and issued a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a report on Thursday. BMO Capital Markets reduced their price objective on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Finally, Jefferies Financial Group increased their price target on shares of GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $369.22.

GE Vernova Trading Up 3.4 %

Shares of GEV traded up $12.13 during trading hours on Friday, hitting $372.62. 3,956,787 shares of the stock traded hands, compared to its average volume of 3,358,999. The business has a fifty day moving average of $318.90 and a 200-day moving average of $331.69. The firm has a market capitalization of $101.85 billion and a PE ratio of 67.02. GE Vernova Inc. has a 1-year low of $149.42 and a 1-year high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.46. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period in the prior year, the business posted ($0.47) earnings per share. As a group, equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. GE Vernova's dividend payout ratio is 14.41%.

About GE Vernova

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.