Gordian Capital Singapore Pte Ltd boosted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 5,800.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 590 shares of the company's stock after buying an additional 580 shares during the quarter. Gordian Capital Singapore Pte Ltd's holdings in GE Vernova were worth $194,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GEV. Cedar Mountain Advisors LLC increased its position in GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after purchasing an additional 39 shares during the period. MRP Capital Investments LLC acquired a new position in shares of GE Vernova in the 4th quarter worth approximately $25,000. Fairway Wealth LLC boosted its stake in shares of GE Vernova by 220.0% in 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 last quarter. Pineridge Advisors LLC boosted its stake in shares of GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after purchasing an additional 69 shares during the last quarter. Finally, Navigoe LLC bought a new position in GE Vernova during the fourth quarter worth $27,000.
GE Vernova Stock Performance
Shares of GEV opened at $453.88 on Thursday. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $463.00. The business has a 50-day moving average of $352.79 and a 200 day moving average of $348.40. The firm has a market cap of $123.88 billion and a P/E ratio of 81.63.
GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.47) earnings per share. As a group, research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.
GE Vernova Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. GE Vernova's payout ratio is currently 14.41%.
Analyst Ratings Changes
A number of brokerages have weighed in on GEV. Citigroup lowered their target price on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Guggenheim reiterated a "buy" rating and set a $380.00 target price on shares of GE Vernova in a research report on Thursday, April 24th. TD Cowen reduced their price target on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Jefferies Financial Group raised their target price on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, New Street Research set a $380.00 target price on GE Vernova in a research report on Wednesday, March 5th. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $374.62.
View Our Latest Analysis on GE Vernova
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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