1,000 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Jupiter Wealth Management LLC

Jupiter Wealth Management LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,000 shares of the company's stock, valued at approximately $329,000.

A number of other hedge funds also recently made changes to their positions in GEV. Toronto Dominion Bank lifted its stake in shares of GE Vernova by 8.6% in the 4th quarter. Toronto Dominion Bank now owns 147,639 shares of the company's stock valued at $48,563,000 after acquiring an additional 11,701 shares during the last quarter. Retirement Planning Group LLC NY bought a new stake in GE Vernova in the fourth quarter valued at approximately $507,000. Pinney & Scofield Inc. purchased a new stake in shares of GE Vernova during the fourth quarter valued at approximately $71,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of GE Vernova during the fourth quarter valued at approximately $1,835,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of GE Vernova by 470.4% in the fourth quarter. Sunbelt Securities Inc. now owns 1,312 shares of the company's stock worth $433,000 after purchasing an additional 1,082 shares during the last quarter.

GE Vernova Price Performance

GEV stock traded down $9.88 on Thursday, reaching $475.13. 3,063,458 shares of the company traded hands, compared to its average volume of 3,332,651. The firm has a fifty day simple moving average of $366.57 and a 200-day simple moving average of $353.37. The company has a market cap of $129.68 billion and a P/E ratio of 85.31. GE Vernova Inc. has a one year low of $150.01 and a one year high of $502.03.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company's quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.47) earnings per share. On average, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were paid 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 0.21%. GE Vernova's dividend payout ratio is presently 14.41%.

Wall Street Analysts Forecast Growth

GEV has been the subject of several analyst reports. Citigroup dropped their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. TD Cowen dropped their target price 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. Guggenheim reissued a "buy" rating and issued a $380.00 target price on shares of GE Vernova in a research note on Thursday, April 24th. Barclays reduced their price target on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, Johnson Rice assumed coverage on GE Vernova in a report on Friday, February 7th. They issued a "buy" rating and a $425.00 price objective for the company. Seven investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $378.78.

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.