GE Vernova Inc. (NYSE:GEV) Shares Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. increased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 1,624.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,000 shares of the company's stock after purchasing an additional 141,300 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.05% of GE Vernova worth $49,340,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Mutual Advisors LLC boosted its stake in shares of GE Vernova by 1.2% during the fourth quarter. Mutual Advisors LLC now owns 2,701 shares of the company's stock valued at $888,000 after purchasing an additional 31 shares in the last quarter. WASHINGTON TRUST Co boosted its position in GE Vernova by 1.9% during the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock valued at $560,000 after purchasing an additional 31 shares in the last quarter. Kovack Advisors Inc. grew its stake in GE Vernova by 1.0% in the fourth quarter. Kovack Advisors Inc. now owns 3,167 shares of the company's stock valued at $1,042,000 after purchasing an additional 31 shares during the last quarter. NewSquare Capital LLC raised its holdings in GE Vernova by 32.4% in the fourth quarter. NewSquare Capital LLC now owns 139 shares of the company's stock worth $46,000 after purchasing an additional 34 shares in the last quarter. Finally, Holderness Investments Co. raised its holdings in GE Vernova by 3.8% in the fourth quarter. Holderness Investments Co. now owns 999 shares of the company's stock worth $329,000 after purchasing an additional 37 shares in the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of analyst reports. Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. BMO Capital Markets reduced their price target on GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Guggenheim restated a "buy" rating and set a $380.00 target price on shares of GE Vernova in a research note on Thursday, April 24th. CICC Research assumed coverage on GE Vernova in a report on Wednesday, February 19th. They issued an "outperform" rating for the company. Finally, Susquehanna restated a "positive" rating and set a $499.00 price objective (up previously from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $374.62.

GE Vernova Stock Up 3.0%

Shares of NYSE:GEV traded up $14.32 during trading on Wednesday, reaching $485.83. 3,301,815 shares of the company's stock traded hands, compared to its average volume of 3,333,532. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $499.49. The company has a 50-day simple moving average of $363.53 and a 200-day simple moving average of $352.45. The firm has a market cap of $132.60 billion and a PE ratio of 87.38.

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

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova's payout ratio is 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.