GE Vernova Inc. (NYSE:GEV) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC grew its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 85.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 352,871 shares of the company's stock after buying an additional 162,872 shares during the quarter. AQR Capital Management LLC owned 0.13% of GE Vernova worth $116,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. MRP Capital Investments LLC bought a new stake in shares of GE Vernova in the fourth quarter valued at approximately $25,000. Cedar Mountain Advisors LLC grew its holdings in GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after buying an additional 39 shares in the last quarter. Fairway Wealth LLC lifted its holdings in shares of GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after buying an additional 55 shares in the last quarter. Pineridge Advisors LLC boosted its holdings in 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 during the period. Finally, Pinpoint Asset Management Ltd purchased a new stake in shares of GE Vernova in the fourth quarter worth $30,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GEV. Guggenheim reiterated a "buy" rating and set a $380.00 target price on shares of GE Vernova in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on GE Vernova from $436.00 to $425.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird boosted their target price on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Johnson Rice began coverage on GE Vernova in a research note on Friday, February 7th. They set a "buy" rating and a $425.00 price objective on the stock. Finally, Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $369.22.

GE Vernova Stock Performance

Shares of GEV traded up $6.12 during mid-day trading on Monday, hitting $402.44. 888,175 shares of the stock were exchanged, compared to its average volume of 3,325,974. The firm has a 50-day moving average of $322.79 and a two-hundred day moving average of $337.15. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $447.50. The company has a market cap of $109.84 billion and a PE ratio of 72.40.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter last year, the firm earned ($0.47) EPS. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.25%. GE Vernova's payout ratio is currently 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.