USS Investment Management Ltd Acquires New Shares in GE Vernova Inc. (NYSE:GEV)

USS Investment Management Ltd acquired a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 46,405 shares of the company's stock, valued at approximately $15,275,000.

Other large investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC raised its holdings in shares of GE Vernova by 102.6% in the 4th 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. MRP Capital Investments LLC purchased a new position in shares of GE Vernova in the 4th quarter worth about $25,000. Fairway Wealth LLC raised its holdings in shares of GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after purchasing an additional 55 shares during the period. Pineridge Advisors LLC raised its holdings in shares of GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after purchasing an additional 69 shares during the period. Finally, Navigoe LLC purchased a new stake in shares of GE Vernova during the 4th quarter valued at about $27,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on GEV shares. Johnson Rice started coverage on GE Vernova in a report on Friday, February 7th. They set a "buy" rating and a $425.00 target price on the stock. Jefferies Financial Group raised their target price on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Guggenheim reiterated a "buy" rating and set a $380.00 target price on shares of GE Vernova in a report on Thursday, April 24th. Robert W. Baird raised their target price on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $422.00 target price (up from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $374.62.

GE Vernova Stock Up 1.4%

Shares of GEV traded up $6.54 during mid-day trading on Friday, hitting $465.36. The stock had a trading volume of 3,569,081 shares, compared to its average volume of 3,336,197. The company has a market cap of $127.01 billion and a PE ratio of 83.70. The company's fifty day simple moving average is $358.25 and its two-hundred day simple moving average is $350.55. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $469.81.

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

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. 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.