Heck Capital Advisors LLC Acquires New Shares in GE Vernova Inc. (NYSE:GEV)

Heck Capital Advisors LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,058 shares of the company's stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC raised its holdings in GE Vernova by 3.4% in the 4th quarter. FMR LLC now owns 24,861,833 shares of the company's stock valued at $8,177,803,000 after buying an additional 814,155 shares during the last quarter. Capital International Investors increased its position in shares of GE Vernova by 25.3% during the fourth 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. Geode Capital Management LLC raised its stake in GE Vernova by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock worth $1,898,814,000 after buying an additional 195,828 shares during the last quarter. Norges Bank acquired a new position in GE Vernova in the fourth quarter valued at $1,109,720,000. Finally, Northern Trust Corp boosted its position in GE Vernova by 15.0% during the fourth quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock valued at $865,126,000 after acquiring an additional 343,837 shares during the last quarter.

GE Vernova Price Performance

GEV traded up $14.32 on Wednesday, hitting $485.83. The company had a trading volume of 3,301,815 shares, compared to its average volume of 3,333,532. The stock has a fifty day simple moving average of $366.57 and a 200-day simple moving average of $353.37. The firm has a market capitalization of $132.60 billion and a P/E ratio of 87.38. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $487.40.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter last year, the firm posted ($0.47) earnings per share. The company's revenue for the quarter was up 10.6% on a year-over-year basis. Equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared 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 was Thursday, April 17th. GE Vernova's dividend payout ratio is presently 14.41%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GEV shares. Guggenheim reaffirmed a "buy" rating and set a $380.00 price objective on shares of GE Vernova in a research report on Thursday, April 24th. Citigroup lowered their target price on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada decreased their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Jefferies Financial Group increased their price target on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Finally, New Street Research set a $380.00 price target on shares of GE Vernova in a research report on Wednesday, March 5th. Six equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $374.62.

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.