Bain Capital Public Equity Management II LLC Raises Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Bain Capital Public Equity Management II LLC lifted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 37.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,986 shares of the company's stock after purchasing an additional 107,336 shares during the period. GE Vernova accounts for approximately 5.9% of Bain Capital Public Equity Management II LLC's holdings, making the stock its 6th largest position. Bain Capital Public Equity Management II LLC owned about 0.14% of GE Vernova worth $130,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Register Financial Advisors LLC purchased a new position in GE Vernova during the 4th quarter worth $206,000. GPS Wealth Strategies Group LLC lifted its position in shares of 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 buying an additional 822 shares in the last quarter. Yarbrough Capital LLC boosted its stake in shares of GE Vernova by 67.2% in the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock worth $949,000 after acquiring an additional 1,160 shares during the last quarter. Legacy Bridge LLC grew its holdings in shares of GE Vernova by 77.0% during the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock worth $3,612,000 after buying an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of 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.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GEV shares. Robert W. Baird raised their price target on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Baird R W upgraded GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Truist Financial set a $440.00 target price on GE Vernova in a report on Thursday, March 27th. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price target on GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $369.22.

GE Vernova Stock Performance

Shares of NYSE GEV traded up $5.71 during mid-day trading on Wednesday, reaching $406.94. The company had a trading volume of 2,488,560 shares, compared to its average volume of 3,322,817. GE Vernova Inc. has a one year low of $150.01 and a one year high of $447.50. The firm has a market cap of $111.07 billion and a price-to-earnings ratio of 73.19. The business's 50-day simple moving average is $325.61 and its 200 day simple moving average is $338.49.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. 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 analysts' expectations of $7.56 billion. During the same period in the prior year, the business posted ($0.47) earnings per share. The firm's revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. 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 dividend payout ratio is currently 14.41%.

GE Vernova 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.