Bain Capital Public Equity LP Sells 12,940 Shares of GE Vernova Inc. (NYSE:GEV)

Bain Capital Public Equity LP lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 38.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,883 shares of the company's stock after selling 12,940 shares during the quarter. GE Vernova comprises about 4.5% of Bain Capital Public Equity LP's holdings, making the stock its 10th biggest holding. Bain Capital Public Equity LP's holdings in GE Vernova were worth $6,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GEV. Cedar Mountain Advisors LLC boosted its stake 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 buying an additional 39 shares during the period. MRP Capital Investments LLC purchased a new position in GE Vernova in the fourth quarter worth approximately $25,000. Fairway Wealth LLC grew its holdings in GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares in the last quarter. Pineridge Advisors LLC increased its position 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 during the last quarter. Finally, Navigoe LLC purchased a new stake in shares of GE Vernova in the 4th quarter valued at approximately $27,000.

GE Vernova Stock Performance

GEV traded up $5.71 during trading on Wednesday, reaching $406.94. The company's stock had a trading volume of 2,488,560 shares, compared to its average volume of 3,322,817. The company's fifty day moving average price is $325.61 and its 200-day moving average price is $338.49. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $447.50. The company has a market capitalization of $111.07 billion and a price-to-earnings ratio of 73.19.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data 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 return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the company posted ($0.47) earnings per share. GE Vernova's quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be given 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%.

Analysts Set New Price Targets

A number of equities analysts recently commented on GEV shares. Johnson Rice assumed coverage on shares of GE Vernova in a research note on Friday, February 7th. They set a "buy" rating and a $425.00 target price for the company. Robert W. Baird increased their price objective on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. BMO Capital Markets decreased their target price on GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. New Street Research set a $380.00 price target on GE Vernova in a report on Wednesday, March 5th. Finally, Barclays cut their price objective on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $369.22.

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.