Aljian Capital Management LLC Has $1.17 Million Position in GE Vernova Inc. (NYSE:GEV)

Aljian Capital Management LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 19.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,827 shares of the company's stock after acquiring an additional 620 shares during the quarter. Aljian Capital Management LLC's holdings in GE Vernova were worth $1,168,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Fulcrum Equity Management grew its holdings in shares of GE Vernova by 3.6% during the fourth quarter. Fulcrum Equity Management now owns 886 shares of the company's stock worth $291,000 after purchasing an additional 31 shares during the last quarter. Dopkins Wealth Management LLC grew its holdings in shares of GE Vernova by 4.9% during the first quarter. Dopkins Wealth Management LLC now owns 668 shares of the company's stock worth $204,000 after purchasing an additional 31 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of GE Vernova by 1.7% during the first quarter. Rothschild Investment LLC now owns 1,965 shares of the company's stock worth $600,000 after purchasing an additional 33 shares during the last quarter. Johnson & White Wealth Management LLC grew its holdings in shares of GE Vernova by 3.7% during the first quarter. Johnson & White Wealth Management LLC now owns 929 shares of the company's stock worth $284,000 after purchasing an additional 33 shares during the last quarter. Finally, NewSquare Capital LLC grew its holdings in shares of GE Vernova by 32.4% during the fourth quarter. NewSquare Capital LLC now owns 139 shares of the company's stock worth $46,000 after purchasing an additional 34 shares during the last quarter.

GE Vernova Stock Performance

Shares of GEV opened at $520.56 on Friday. The stock has a 50 day simple moving average of $443.89 and a 200 day simple moving average of $376.74. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $532.59. The firm has a market capitalization of $142.08 billion, a PE ratio of 75.01, a P/E/G ratio of 4.03 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the firm earned ($0.47) EPS. GE Vernova's quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be given a $0.25 dividend. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. GE Vernova's dividend payout ratio is presently 14.41%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America increased their target price on GE Vernova from $520.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. New Street Research set a $380.00 target price on GE Vernova in a report on Wednesday, March 5th. Royal Bank Of Canada lowered their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research report on Tuesday, March 18th. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, Jefferies Financial Group lowered GE Vernova from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $427.00 to $517.00 in a research report on Thursday, May 29th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $429.13.

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.

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