Pallas Capital Advisors LLC Has $1.52 Million Holdings in GE Vernova Inc. (NYSE:GEV)

Pallas Capital Advisors LLC increased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 161.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,987 shares of the company's stock after buying an additional 3,082 shares during the period. Pallas Capital Advisors LLC's holdings in GE Vernova were worth $1,522,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. MRP Capital Investments LLC bought a new position in shares of GE Vernova during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC boosted its position in GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares during the period. Pineridge Advisors LLC grew its stake in GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after buying an additional 69 shares during the last quarter. Navigoe LLC acquired a new stake in GE Vernova in the fourth quarter worth $27,000. Finally, Clarity Asset Management Inc. bought a new stake in GE Vernova in the fourth quarter valued at $28,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GEV shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Guggenheim reissued a "buy" rating and set a $380.00 price target on shares of GE Vernova in a report on Thursday, April 24th. Citigroup cut their price objective on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. CICC Research began coverage on shares of GE Vernova in a research report on Wednesday, February 19th. They issued an "outperform" rating for the company. Finally, The Goldman Sachs Group raised 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. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $390.58.

GE Vernova Stock Performance

Shares of GE Vernova stock traded down $15.43 during trading on Tuesday, hitting $464.57. 3,941,174 shares of the stock traded hands, compared to its average volume of 3,290,606. The stock has a market cap of $126.80 billion, a P/E ratio of 83.56, a PEG ratio of 3.03 and a beta of 1.97. The company has a fifty day moving average price of $392.70 and a two-hundred day moving average price of $361.82. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $500.72.

GE Vernova (NYSE:GEV - Get Free Report) last released 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. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. GE Vernova's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.47) EPS. On average, equities research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend 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.