Sharpepoint LLC Has $2.77 Million Stock Position in GE Vernova Inc. (NYSE:GEV)

Sharpepoint LLC raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 8.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,088 shares of the company's stock after buying an additional 734 shares during the period. GE Vernova comprises approximately 2.5% of Sharpepoint LLC's investment portfolio, making the stock its 11th biggest holding. Sharpepoint LLC's holdings in GE Vernova were worth $2,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MRP Capital Investments LLC bought a new position in GE Vernova during the 4th quarter worth $25,000. Fairway Wealth LLC boosted its holdings in shares of GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Navigoe LLC acquired a new stake in shares of GE Vernova during the 4th quarter valued at $27,000. EQ Wealth Advisors LLC bought a new position in GE Vernova during the 1st quarter worth $27,000. Finally, Clarity Asset Management Inc. bought a new position in shares of GE Vernova during the fourth quarter worth about $28,000.

Analyst Ratings Changes

GEV has been the subject of a number of research analyst reports. Barclays lifted their target price on GE Vernova from $550.00 to $580.00 and gave the stock an "overweight" rating in a report on Wednesday. Royal Bank Of Canada cut their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. TD Cowen lowered their target price on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Guggenheim reiterated a "buy" rating and set a $380.00 price objective on shares of GE Vernova in a research note on Thursday, April 24th. Finally, Susquehanna restated a "positive" rating and issued a $499.00 target price (up from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $451.38.

GE Vernova Stock Up 0.1%

GEV stock traded up $0.53 during trading hours on Friday, hitting $539.89. The company's stock had a trading volume of 1,073,417 shares, compared to its average volume of 3,310,995. The company has a market capitalization of $147.35 billion, a PE ratio of 77.77, a price-to-earnings-growth ratio of 4.13 and a beta of 1.86. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $546.36. The stock has a 50 day moving average price of $474.02 and a two-hundred day moving average price of $388.24.

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, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The firm had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the prior year, the company earned ($0.47) EPS. The business's quarterly revenue was up 10.6% compared to the same quarter last year. Sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

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

GE Vernova 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.