Bulltick Wealth Management LLC Invests $3.48 Million in GE Vernova Inc. (NYSE:GEV)

Bulltick Wealth Management LLC purchased a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,581 shares of the company's stock, valued at approximately $3,483,000.

Other hedge funds have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC raised its stake in shares of GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after acquiring an additional 39 shares in the last quarter. MRP Capital Investments LLC acquired a new stake in GE Vernova in the fourth quarter worth about $25,000. Fairway Wealth LLC grew its stake in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Pineridge Advisors LLC grew its stake in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after acquiring an additional 69 shares during the last quarter. Finally, Navigoe LLC acquired a new position in shares of GE Vernova during the fourth quarter valued at about $27,000.

GE Vernova Stock Up 1.4 %

NYSE GEV traded up $5.71 on Wednesday, reaching $406.94. The stock had a trading volume of 2,488,560 shares, compared to its average volume of 3,322,817. The stock has a fifty day moving average price of $327.04 and a two-hundred day moving average price of $338.96. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $447.50. The firm 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, beating analysts' consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.47) earnings per share. Sell-side analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared 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 is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.25%. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Analysts Set New Price Targets

Several research firms have weighed in on GEV. Jefferies Financial Group boosted their target price on shares of GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Susquehanna boosted their price objective on shares of GE Vernova from $370.00 to $399.00 and gave the company a "positive" rating in a report on Thursday, April 24th. CICC Research assumed coverage on GE Vernova in a research note on Wednesday, February 19th. They issued an "outperform" rating for the company. 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. Finally, Johnson Rice began coverage on GE Vernova in a research note on Friday, February 7th. They issued a "buy" rating and a $425.00 price objective for the company. Six research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.