Aigen Investment Management LP lifted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 81.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,131 shares of the company's stock after buying an additional 1,404 shares during the quarter. Aigen Investment Management LP's holdings in GE Vernova were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of GEV. Brighton Jones LLC lifted its stake in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after buying an additional 753 shares during the last quarter. American Assets Inc. acquired a new stake in shares of GE Vernova in the fourth quarter worth $658,000. Townsquare Capital LLC lifted its stake in shares of GE Vernova by 15.0% in the fourth quarter. Townsquare Capital LLC now owns 5,313 shares of the company's stock worth $1,748,000 after buying an additional 691 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in GE Vernova during the 4th quarter valued at approximately $786,000. Finally, Seeds Investor LLC bought a new stake in GE Vernova during the 4th quarter valued at approximately $244,000.
GE Vernova Stock Performance
GEV opened at $648.94 on Monday. The firm's 50-day simple moving average is $548.53 and its 200-day simple moving average is $424.45. GE Vernova Inc. has a twelve month low of $172.60 and a twelve month high of $677.29. The firm has a market cap of $176.65 billion, a price-to-earnings ratio of 156.37, a PEG ratio of 4.49 and a beta of 1.90.
GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the prior year, the firm earned $4.65 EPS. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.
GE Vernova Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio is currently 24.10%.
Analysts Set New Price Targets
Several equities analysts recently commented on GEV shares. The Goldman Sachs Group upped their target price on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Morgan Stanley upped their target price on shares of GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Robert W. Baird upped their target price on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Citigroup upped their target price on shares of GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and an average price target of $560.21.
View Our Latest Analysis on GEV
About GE Vernova
(
Free Report)
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.
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Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV - Free Report).
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