1,333 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,333 shares of the company's stock, valued at approximately $407,000.

A number of other large investors have also bought and sold shares of GEV. MRP Capital Investments LLC bought a new stake in GE Vernova during the 4th quarter worth approximately $25,000. Fairway Wealth LLC grew its position in GE Vernova by 220.0% during 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 last quarter. Navigoe LLC bought a new stake in GE Vernova during the 4th quarter worth approximately $27,000. EQ Wealth Advisors LLC bought a new stake in GE Vernova during the 1st quarter worth approximately $27,000. Finally, Clarity Asset Management Inc. bought a new stake in GE Vernova during the 4th quarter worth approximately $28,000.

Analyst Ratings Changes

Several research firms have issued reports on GEV. Citigroup reduced their price objective on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Royal Bank Of Canada reduced their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Glj Research began coverage on GE Vernova in a report on Monday. They set a "buy" rating on the stock. Morgan Stanley upped their price objective on GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, New Street Research set a $380.00 price objective on GE Vernova in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $429.13.

GE Vernova Price Performance

Shares of GEV stock traded up $13.75 during trading hours on Friday, reaching $520.56. The company had a trading volume of 9,147,914 shares, compared to its average volume of 3,289,884. The firm has a market cap of $142.08 billion, a price-to-earnings ratio of 75.01, a P/E/G ratio of 3.90 and a beta of 1.97. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $532.52. The company has a 50 day moving average of $439.93 and a 200 day moving average of $375.18.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The firm's revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.47) EPS. As a group, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.19%. The ex-dividend date is Monday, July 21st. GE Vernova's payout ratio is presently 14.41%.

About GE Vernova

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.