Brevan Howard Capital Management LP Purchases 7,411 Shares of GE Vernova Inc. (NYSE:GEV)

Brevan Howard Capital Management LP raised its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 272.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,134 shares of the company's stock after purchasing an additional 7,411 shares during the period. Brevan Howard Capital Management LP's holdings in GE Vernova were worth $3,333,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GEV. MRP Capital Investments LLC acquired a new stake in GE Vernova during the 4th quarter worth $25,000. Cedar Mountain Advisors LLC raised its position in shares of GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after purchasing an additional 39 shares during the period. Fairway Wealth LLC lifted its holdings in shares of GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Pineridge Advisors LLC lifted its holdings in shares of GE Vernova by 530.8% during 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 in the last quarter. Finally, Navigoe LLC acquired a new position in shares of GE Vernova in the 4th quarter valued at approximately $27,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup cut their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group upped their target price on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. TD Cowen dropped their price target on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Baird R W raised GE Vernova to a "strong-buy" rating in a research report on Thursday, February 13th. Finally, Barclays dropped their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $369.22.

GE Vernova Price Performance

NYSE GEV traded up $4.03 on Friday, reaching $398.03. The stock had a trading volume of 2,383,020 shares, compared to its average volume of 3,314,931. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50. The company has a market cap of $108.64 billion and a P/E ratio of 71.59. The firm has a fifty day moving average of $328.62 and a two-hundred day moving average of $339.77.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the previous year, the company earned ($0.47) EPS. The business's revenue was up 10.6% on a year-over-year basis. Research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business 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 $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.25%. GE Vernova's dividend payout ratio is presently 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.