GE Vernova Inc. (NYSE:GEV) Stock Holdings Boosted by 11 Capital Partners LP

Key Points

• 11 Capital Partners LP increased its stake in GE Vernova Inc. by 136.4%, now holding 95,366 shares valued at approximately $29.1 million.
• Multiple analysts have raised their price targets for GE Vernova, with JPMorgan Chase setting a target of $715 and maintaining an "overweight" rating.
• GE Vernova recently announced a quarterly dividend of $0.25, representing an annualized yield of 0.16%, payable on August 18th.

11 Capital Partners LP boosted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 136.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,366 shares of the company's stock after purchasing an additional 55,018 shares during the period. GE Vernova makes up approximately 9.7% of 11 Capital Partners LP's portfolio, making the stock its 3rd biggest holding. 11 Capital Partners LP's holdings in GE Vernova were worth $29,113,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. FMR LLC increased its position in shares of GE Vernova by 3.4% in the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after acquiring an additional 814,155 shares in the last quarter. Vanguard Group Inc. increased its position in shares of GE Vernova by 1.8% in the first quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock worth $7,446,577,000 after acquiring an additional 432,830 shares in the last quarter. Capital International Investors increased its position in shares of GE Vernova by 25.3% in the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company's stock worth $4,886,164,000 after acquiring an additional 2,994,660 shares in the last quarter. Geode Capital Management LLC increased its position in shares of GE Vernova by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock worth $1,898,814,000 after acquiring an additional 195,828 shares in the last quarter. Finally, Norges Bank acquired a new stake in GE Vernova during the 4th quarter valued at $1,109,720,000.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday. Wall Street Zen raised shares of GE Vernova from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Wells Fargo & Company raised their price target on shares of GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Truist Financial set a $440.00 price target on shares of GE Vernova in a report on Thursday, March 27th. Seven 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, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $540.96.

GE Vernova Stock Down 0.8%

Shares of NYSE:GEV opened at $623.70 on Friday. The company has a market cap of $170.23 billion, a PE ratio of 150.29, a P/E/G ratio of 4.70 and a beta of 1.86. The company's 50-day moving average price is $506.49 and its 200 day moving average price is $404.16. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $633.72.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.23. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. GE Vernova's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $4.65 EPS. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company 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 of this dividend is Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.16%. GE Vernova's dividend payout ratio is presently 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.

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