GE Vernova Inc. (NYSE:GEV) Stock Position Lifted by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 46.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,274 shares of the company's stock after purchasing an additional 1,044 shares during the quarter. Vise Technologies Inc.'s holdings in GE Vernova were worth $1,077,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of GE Vernova during the fourth quarter valued at approximately $1,109,720,000. Capital International Investors increased its stake in GE Vernova by 25.3% during the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock worth $4,886,164,000 after buying an additional 2,994,660 shares during the period. Massachusetts Financial Services Co. MA increased its stake in GE Vernova by 1,638.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock worth $432,309,000 after buying an additional 1,238,690 shares during the period. FMR LLC increased its stake in GE Vernova by 3.4% during the 4th quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after buying an additional 814,155 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in GE Vernova by 148.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,155,183 shares of the company's stock worth $379,974,000 after buying an additional 690,513 shares during the period.

GE Vernova Stock Up 3.0%

GE Vernova stock traded up $14.32 during mid-day trading on Wednesday, hitting $485.83. The company's stock had a trading volume of 3,301,815 shares, compared to its average volume of 3,333,532. The stock has a market capitalization of $132.60 billion and a P/E ratio of 87.38. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $499.49. The stock's fifty day moving average price is $363.53 and its two-hundred day moving average price is $352.45.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. The business 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%. The company's quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($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. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is currently 14.41%.

Analyst Ratings Changes

A number of analysts have recently issued reports on GEV shares. BMO Capital Markets dropped their target price on GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. TD Cowen dropped their price objective on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Robert W. Baird lifted their price target on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Guggenheim reissued a "buy" rating and issued a $380.00 target price on shares of GE Vernova in a research report on Thursday, April 24th. Finally, Royal Bank of Canada lowered their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus price target of $374.62.

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.