Centaurus Financial Inc. Acquires 777 Shares of GE Vernova Inc. (NYSE:GEV)

Centaurus Financial Inc. lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 94.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,600 shares of the company's stock after acquiring an additional 777 shares during the period. Centaurus Financial Inc.'s holdings in GE Vernova were worth $526,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GEV. MRP Capital Investments LLC purchased a new stake in GE Vernova in the 4th quarter worth $25,000. Fairway Wealth LLC grew its position in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Pineridge Advisors LLC increased 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 worth $27,000 after purchasing an additional 69 shares during the last quarter. Navigoe LLC purchased a new stake in shares of GE Vernova in the fourth quarter worth about $27,000. Finally, Clarity Asset Management Inc. bought a new position in GE Vernova during the fourth quarter valued at approximately $28,000.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD Cowen reduced their price objective on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group lowered shares of GE Vernova from a "buy" rating to a "hold" rating and raised their target price for the company from $427.00 to $517.00 in a report on Thursday. Royal Bank of Canada decreased their price target on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. BMO Capital Markets lifted their price objective on shares of GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Baird R W upgraded shares of GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $385.78.

GE Vernova Price Performance

Shares of NYSE:GEV traded up $12.44 during trading on Monday, reaching $485.42. 2,512,110 shares of the company were exchanged, compared to its average volume of 3,344,967. The business's fifty day simple moving average is $371.84 and its 200-day simple moving average is $355.59. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $489.13. The firm has a market capitalization of $132.49 billion and a PE ratio of 87.31.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 6.70% and a net margin of 4.44%. GE Vernova's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.47) earnings per share. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. GE Vernova's dividend payout ratio is currently 14.41%.

GE Vernova Company 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.