CHURCHILL MANAGEMENT Corp Has $14.26 Million Holdings in GE Vernova Inc. (NYSE:GEV)

CHURCHILL MANAGEMENT Corp boosted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 96.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,726 shares of the company's stock after acquiring an additional 22,893 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in GE Vernova were worth $14,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GEV. Brighton Jones LLC boosted its holdings in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after purchasing an additional 753 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of GE Vernova in the 4th quarter valued at $789,000. Oppenheimer & Co. Inc. raised its stake in GE Vernova by 30.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 8,398 shares of the company's stock worth $2,762,000 after acquiring an additional 1,941 shares in the last quarter. SVB Wealth LLC purchased a new stake in GE Vernova in the fourth quarter valued at $1,170,000. Finally, Fisher Asset Management LLC boosted its stake in GE Vernova by 20.8% in the fourth quarter. Fisher Asset Management LLC now owns 3,237 shares of the company's stock valued at $1,065,000 after acquiring an additional 557 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GEV. Glj Research initiated coverage on shares of GE Vernova in a report on Monday, June 23rd. They issued a "buy" rating on the stock. Susquehanna reissued a "positive" rating and issued a $499.00 target price (up previously from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Wolfe Research cut shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Wall Street Zen upgraded shares of GE Vernova from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Finally, New Street Research set a $380.00 price objective on shares of GE Vernova in a report on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $429.13.

GE Vernova Stock Performance

NYSE:GEV traded down $1.18 during mid-day trading on Wednesday, reaching $504.82. The stock had a trading volume of 3,388,680 shares, compared to its average volume of 3,304,755. The business has a 50 day simple moving average of $451.78 and a 200 day simple moving average of $379.33. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $532.59. The firm has a market capitalization of $137.78 billion, a price-to-earnings ratio of 72.74, a PEG ratio of 3.90 and a beta of 1.86.

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, topping 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 firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the previous year, the firm posted ($0.47) EPS. The company's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Monday, July 21st. 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.