Tableaux LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

Tableaux LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,505 shares of the company's stock, valued at approximately $495,000.

Other hedge funds also recently bought and sold shares of the company. Centaurus Financial Inc. boosted its position in shares of GE Vernova by 94.4% during the fourth quarter. Centaurus Financial Inc. now owns 1,600 shares of the company's stock worth $526,000 after acquiring an additional 777 shares during the last quarter. Lighthouse Financial LLC bought a new position in shares of GE Vernova during the 4th quarter valued at about $759,000. Wood Tarver Financial Group LLC purchased a new position in shares of GE Vernova during the fourth quarter valued at about $65,000. Smith Shellnut Wilson LLC ADV bought a new stake in shares of GE Vernova in the fourth quarter worth about $238,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of GE Vernova in the fourth quarter worth about $44,000.

GE Vernova Stock Performance

NYSE GEV traded up $0.39 during trading hours on Friday, reaching $471.56. The stock had a trading volume of 5,090,753 shares, compared to its average volume of 3,356,775. The stock has a fifty day moving average of $369.12 and a 200 day moving average of $354.21. The stock has a market cap of $128.71 billion and a P/E ratio of 84.81. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $489.13.

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

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were given a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. GE Vernova's dividend payout ratio (DPR) is currently 14.41%.

Analysts Set New Price Targets

A number of analysts have issued reports on GEV shares. Truist Financial set a $440.00 price objective on GE Vernova in a research note on Thursday, March 27th. TD Cowen dropped their price target on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Johnson Rice started coverage on shares of GE Vernova in a research report on Friday, February 7th. They issued a "buy" rating and a $425.00 price objective on the stock. Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Finally, BMO Capital Markets upped their target price on GE Vernova from $381.00 to $522.00 and gave the company an "outperform" rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $385.78.

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.