Wolf Hill Capital Management LP Acquires New Holdings in GE Vernova Inc. (NYSE:GEV)

Wolf Hill Capital Management LP acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 30,000 shares of the company's stock, valued at approximately $9,868,000. GE Vernova makes up about 0.7% of Wolf Hill Capital Management LP's holdings, making the stock its 24th largest position.

Other large investors have also recently made changes to their positions in the company. Register Financial Advisors LLC purchased a new position in shares of GE Vernova during the 4th quarter valued at about $206,000. GPS Wealth Strategies Group LLC raised its stake in GE Vernova by 1,126.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock valued at $294,000 after purchasing an additional 822 shares during the period. Yarbrough Capital LLC raised its stake in GE Vernova by 67.2% during the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after purchasing an additional 1,160 shares during the period. Legacy Bridge LLC raised its stake in GE Vernova by 77.0% during the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after purchasing an additional 4,776 shares during the period. Finally, CENTRAL TRUST Co increased its stake in GE Vernova by 16.6% in the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock worth $3,247,000 after acquiring an additional 1,408 shares during the last quarter.

GE Vernova Trading Up 3.4 %

Shares of GEV traded up $12.13 during midday trading on Friday, reaching $372.62. 3,956,787 shares of the stock were exchanged, compared to its average volume of 3,355,503. GE Vernova Inc. has a 52 week low of $149.42 and a 52 week high of $447.50. The company's 50 day moving average is $318.90 and its two-hundred day moving average is $333.37. The company has a market capitalization of $101.85 billion and a P/E ratio of 67.02.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) 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 business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the prior year, the company earned ($0.47) EPS. On average, sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup decreased their price objective on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Barclays decreased their price objective on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Jefferies Financial Group upped their price objective on GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. BMO Capital Markets decreased their price objective on GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Finally, Johnson Rice assumed coverage on GE Vernova in a report on Friday, February 7th. They set a "buy" rating and a $425.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $369.22.

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.