Quadcap Wealth Management LLC Acquires New Shares in GE Vernova Inc. (NYSE:GEV)

Quadcap Wealth Management LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,072 shares of the company's stock, valued at approximately $353,000.

A number of other institutional investors have also made changes to their positions in the stock. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at about $25,000. Cedar Mountain Advisors LLC raised its stake in GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after acquiring an additional 39 shares in the last quarter. Fairway Wealth LLC lifted 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 period. Pineridge Advisors LLC boosted its stake in shares of GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. Finally, Navigoe LLC bought a new stake in GE Vernova during the fourth quarter worth about $27,000.

GE Vernova Price Performance

NYSE:GEV traded up $2.76 during mid-day trading on Tuesday, reaching $449.36. 2,745,624 shares of the company's stock traded hands, compared to its average volume of 3,323,739. The firm has a market capitalization of $122.65 billion and a price-to-earnings ratio of 80.82. The company has a 50 day moving average price of $347.00 and a 200-day moving average price of $346.95. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $451.24.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the prior year, the firm earned ($0.47) EPS. The company's revenue was up 10.6% compared to the same quarter last year. As a group, analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. GE Vernova's dividend payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GEV shares. Johnson Rice started coverage on GE Vernova in a report on Friday, February 7th. They set a "buy" rating and a $425.00 target price on the stock. JPMorgan Chase & Co. increased their target price on GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research note on Friday. William Blair reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, January 23rd. Barclays cut their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, New Street Research set a $380.00 price target on GE Vernova in a report on Wednesday, March 5th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $374.62.

GE Vernova Company 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.