Perpetual Ltd lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 72.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,079 shares of the company's stock after buying an additional 2,977 shares during the quarter. Perpetual Ltd's holdings in GE Vernova were worth $2,161,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of GEV. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova in the 4th quarter worth about $25,000. Fairway Wealth LLC increased its holdings in shares of GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the period. Navigoe LLC acquired a new stake in shares of GE Vernova in the 4th quarter worth about $27,000. EQ Wealth Advisors LLC acquired a new stake in shares of GE Vernova in the 1st quarter worth about $27,000. Finally, Clarity Asset Management Inc. acquired a new stake in shares of GE Vernova in the 4th quarter worth about $28,000.
GE Vernova Stock Performance
GEV stock opened at $520.56 on Friday. The stock has a market cap of $142.08 billion, a P/E ratio of 75.01, a P/E/G ratio of 3.94 and a beta of 1.97. The firm has a 50 day simple moving average of $443.89 and a 200 day simple moving average of $376.51. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $532.59.
GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. The business had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted ($0.47) earnings per share. Sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.
GE Vernova Announces Dividend
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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.
Analyst Ratings Changes
GEV has been the topic of several research analyst reports. Barclays raised their target price on shares of GE Vernova from $500.00 to $550.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Citigroup lowered their target price 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. Bank of America raised their target price on shares of GE Vernova from $520.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. TD Cowen lowered their target price on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. 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, June 10th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $429.13.
Read Our Latest Stock Report on GEV
GE Vernova Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV - Free Report).
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