Coldstream Capital Management Inc. Increases Holdings in GE Vernova Inc. (NYSE:GEV)

Coldstream Capital Management Inc. grew its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,029 shares of the company's stock after purchasing an additional 1,081 shares during the quarter. Coldstream Capital Management Inc.'s holdings in GE Vernova were worth $1,983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cedar Mountain Advisors LLC grew its position 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 buying an additional 39 shares during the period. MRP Capital Investments LLC acquired a new position in GE Vernova during the 4th quarter valued at about $25,000. Fairway Wealth LLC grew its holdings in 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 buying an additional 55 shares in the last quarter. Pineridge Advisors LLC raised its holdings in shares of GE Vernova by 530.8% in the fourth 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, Pinpoint Asset Management Ltd bought a new position in shares of GE Vernova during the 4th quarter worth approximately $30,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Johnson Rice began coverage on shares of GE Vernova in a report on Friday, February 7th. They issued a "buy" rating and a $425.00 price target on the stock. Royal Bank of Canada cut their target price on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Marathon Capitl raised GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. The Goldman Sachs Group lifted 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. Finally, Jefferies Financial Group increased their target price on shares of GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Six investment 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $369.22.

GE Vernova Price Performance

NYSE:GEV traded up $11.45 during mid-day trading on Thursday, hitting $382.27. 3,047,534 shares of the company's stock were exchanged, compared to its average volume of 3,336,760. GE Vernova Inc. has a one year low of $149.42 and a one year high of $447.50. The business has a fifty day moving average price of $319.89 and a 200 day moving average price of $334.60. The company has a market cap of $104.34 billion and a PE ratio of 68.75.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. The company had revenue of $8.03 billion for 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%. GE Vernova's 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) EPS. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Thursday, April 17th. GE Vernova's payout ratio is 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.