Mackenzie Financial Corp Buys 1,194 Shares of GE Vernova Inc. (NYSE:GEV)

Mackenzie Financial Corp grew its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,808 shares of the company's stock after acquiring an additional 1,194 shares during the period. Mackenzie Financial Corp's holdings in GE Vernova were worth $8,160,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GEV. MRP Capital Investments LLC purchased a new position in GE Vernova during the fourth quarter valued at $25,000. Fairway Wealth LLC lifted 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 last quarter. Pineridge Advisors LLC lifted its holdings in GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after buying an additional 69 shares in the last quarter. Navigoe LLC bought a new stake in GE Vernova during the 4th quarter valued at about $27,000. Finally, Clarity Asset Management Inc. bought a new stake in GE Vernova during the 4th quarter valued at about $28,000.

GE Vernova Stock Up 0.1%

GEV stock traded up $0.39 during mid-day trading on Friday, reaching $471.56. The company had a trading volume of 5,090,753 shares, compared to its average volume of 3,348,350. The stock has a market capitalization of $128.71 billion and a P/E ratio of 84.81. GE Vernova Inc. has a one year low of $150.01 and a one year high of $489.13. The stock's 50-day simple moving average is $371.84 and its two-hundred day simple moving average is $355.59.

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

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors 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 dividend on an annualized basis and a yield of 0.21%. GE Vernova's dividend payout ratio is currently 14.41%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GEV shares. Johnson Rice initiated coverage on shares of GE Vernova in a report on Friday, February 7th. They issued a "buy" rating and a $425.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Barclays boosted their target price on shares of GE Vernova from $427.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday. Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and upped their price objective for the stock from $427.00 to $517.00 in a research report on Thursday. Finally, Citigroup dropped their target price on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and an average target price of $385.78.

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.