11 Capital Partners LP lifted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,348 shares of the company's stock after acquiring an additional 5,211 shares during the quarter. GE Vernova makes up approximately 5.3% of 11 Capital Partners LP's investment portfolio, making the stock its 9th largest position. 11 Capital Partners LP's holdings in GE Vernova were worth $13,272,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cedar Mountain Advisors LLC raised its holdings in shares of GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after purchasing an additional 39 shares during the period. MRP Capital Investments LLC acquired a new position in GE Vernova during the fourth quarter worth approximately $25,000. Fairway Wealth LLC raised its stake in GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the period. 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 buying an additional 69 shares during the last quarter. Finally, Pinpoint Asset Management Ltd bought a new position in shares of GE Vernova during the 4th quarter worth approximately $30,000.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on GEV. Jefferies Financial Group increased their price target on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Citigroup cut their target price on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. William Blair reiterated an "outperform" rating on shares of GE Vernova in a research note on Thursday, January 23rd. Robert W. Baird raised their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, BMO Capital Markets decreased their target price on GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Six equities 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 stock. Based on data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and an average target price of $369.22.
Get Our Latest Report on GEV
GE Vernova Stock Performance
Shares of GE Vernova stock traded up $14.19 on Friday, hitting $396.48. The stock had a trading volume of 3,600,690 shares, compared to its average volume of 3,340,810. The firm has a market capitalization of $108.21 billion and a P/E ratio of 71.31. The stock has a 50 day moving average of $322.79 and a 200 day moving average of $336.27. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month 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 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.47) EPS. Equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.
GE Vernova Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. GE Vernova's dividend payout ratio is currently 14.41%.
About GE Vernova
(
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.
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