GE Vernova Inc. (NYSE:GEV) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 161.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,105 shares of the company's stock after buying an additional 6,864 shares during the quarter. Sigma Planning Corp's holdings in GE Vernova were worth $3,390,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GEV. Norges Bank acquired a new stake in GE Vernova during the 4th quarter worth approximately $1,109,720,000. Capital International Investors lifted its position in shares of GE Vernova by 25.3% during the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock worth $4,886,164,000 after purchasing an additional 2,994,660 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of GE Vernova by 32,984.2% during the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after purchasing an additional 2,135,066 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in GE Vernova by 1,638.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock valued at $432,309,000 after buying an additional 1,238,690 shares during the last quarter. Finally, FMR LLC increased its holdings in GE Vernova by 3.4% in the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock valued at $8,177,803,000 after buying an additional 814,155 shares during the last quarter.

GE Vernova Stock Performance

GE Vernova stock traded up $6.40 during midday trading on Friday, hitting $576.57. 1,267,385 shares of the company's stock were exchanged, compared to its average volume of 3,299,209. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $581.27. The stock has a market cap of $157.36 billion, a price-to-earnings ratio of 83.09, a price-to-earnings-growth ratio of 4.18 and a beta of 1.86. The firm's 50 day simple moving average is $489.76 and its 200 day simple moving average is $395.72.

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 (EPS) for the quarter, topping 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 company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same period last year, the firm posted ($0.47) EPS. GE Vernova's revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research 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. Shareholders of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.17%. The ex-dividend date is Monday, July 21st. GE Vernova's payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group increased their target price on GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Guggenheim reissued a "buy" rating and issued a $380.00 target price on shares of GE Vernova in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on GE Vernova from $460.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday. Wall Street Zen raised GE Vernova from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Citigroup reissued a "neutral" rating and issued a $544.00 target price (up previously from $354.00) on shares of GE Vernova in a report on Monday. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $468.88.

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.