Canada Post Corp Registered Pension Plan Invests $1.83 Million in GE Vernova Inc. (NYSE:GEV)

Canada Post Corp Registered Pension Plan purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,566 shares of the company's stock, valued at approximately $1,831,000.

Other hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. increased its stake in shares of GE Vernova by 3.5% in the fourth quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company's stock worth $262,000 after buying an additional 27 shares during the last quarter. Hengehold Capital Management LLC lifted its position in shares of GE Vernova by 2.4% during the fourth quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company's stock worth $405,000 after purchasing an additional 29 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in GE Vernova by 1.6% in the fourth quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company's stock valued at $611,000 after buying an additional 30 shares during the last quarter. Mutual Advisors LLC increased its holdings in shares of GE Vernova by 1.2% in the 4th quarter. Mutual Advisors LLC now owns 2,701 shares of the company's stock valued at $888,000 after acquiring an additional 31 shares during the last quarter. Finally, WASHINGTON TRUST Co raised its holdings in shares of GE Vernova by 1.9% during the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock worth $560,000 after purchasing an additional 31 shares during the period.

GE Vernova Stock Performance

NYSE:GEV traded down $5.36 during trading hours on Friday, hitting $322.81. 2,859,246 shares of the company's stock traded hands, compared to its average volume of 3,362,406. The stock's fifty day moving average price is $321.67 and its two-hundred day moving average price is $330.67. The firm has a market cap of $88.24 billion and a P/E ratio of 58.06. GE Vernova Inc. has a twelve month low of $132.11 and a twelve month high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.57). The company had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current 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. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. GE Vernova's payout ratio is 17.99%.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of recent research reports. Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, February 13th. Susquehanna assumed coverage on GE Vernova in a research report on Wednesday, April 2nd. They set a "positive" rating and a $370.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on GE Vernova from $436.00 to $425.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Truist Financial set a $440.00 price objective on shares of GE Vernova in a report on Thursday, March 27th. Finally, Citigroup decreased 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 report on Monday, April 14th. Seven 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's stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus target price of $357.13.

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.