Stratos Investment Management LLC Takes $885,000 Position in GE Vernova Inc. (NYSE:GEV)

Stratos Investment Management LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,898 shares of the company's stock, valued at approximately $885,000.

A number of other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of GE Vernova during the fourth quarter valued at approximately $1,109,720,000. Capital International Investors boosted its position in shares of GE Vernova by 25.3% during the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company's stock valued at $4,886,164,000 after purchasing an additional 2,994,660 shares in the last quarter. GAMMA Investing LLC boosted its position 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 valued at $653,769,000 after purchasing an additional 2,135,066 shares in the last quarter. Massachusetts Financial Services Co. MA boosted 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 worth $432,309,000 after acquiring an additional 1,238,690 shares in the last quarter. Finally, FMR LLC boosted 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 worth $8,177,803,000 after acquiring an additional 814,155 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have commented on GEV shares. Barclays boosted their target price on GE Vernova from $550.00 to $580.00 and gave the stock an "overweight" rating in a report on Wednesday. Guggenheim restated a "buy" rating and issued a $380.00 price target on shares of GE Vernova in a research note on Thursday, April 24th. Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Morgan Stanley boosted their price target on GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. Finally, Robert W. Baird boosted their price target on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and a consensus target price of $451.38.

GE Vernova Stock Performance

GEV stock traded up $3.63 on Thursday, reaching $539.40. The company had a trading volume of 2,506,220 shares, compared to its average volume of 3,319,840. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $545.63. The company's fifty day moving average is $470.87 and its 200 day moving average is $386.90. The company has a market cap of $147.22 billion, a P/E ratio of 77.72, a PEG ratio of 4.13 and a beta of 1.86.

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 for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the company posted ($0.47) EPS. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is currently 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.