Sapient Capital LLC Purchases 565 Shares of GE Vernova Inc. (NYSE:GEV)

Sapient Capital LLC boosted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,290 shares of the company's stock after acquiring an additional 565 shares during the period. Sapient Capital LLC's holdings in GE Vernova were worth $30,922,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MRP Capital Investments LLC bought a new position in shares of GE Vernova during the 4th quarter valued at $25,000. Fairway Wealth LLC boosted its stake in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares during the period. Navigoe LLC bought a new position in shares of GE Vernova in the fourth quarter worth approximately $27,000. Clarity Asset Management Inc. purchased a new position in shares of GE Vernova in the fourth quarter worth $28,000. Finally, Pinpoint Asset Management Ltd bought a new stake in GE Vernova during the 4th quarter valued at $30,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GEV. Robert W. Baird upped their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Barclays increased their price objective on GE Vernova from $500.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. TD Cowen decreased their target price on GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, BMO Capital Markets lifted their price target on shares of GE Vernova from $381.00 to $522.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and an average target price of $395.98.

GE Vernova Stock Down 2.1%

Shares of GE Vernova stock traded down $10.38 on Friday, reaching $477.29. The company's stock had a trading volume of 1,829,130 shares, compared to its average volume of 3,279,385. The company has a market capitalization of $130.27 billion, a price-to-earnings ratio of 85.83, a P/E/G ratio of 3.03 and a beta of 1.97. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $500.72. The firm's fifty day simple moving average is $404.31 and its two-hundred day simple moving average is $364.45.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned ($0.47) EPS. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) 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.