Teamwork Financial Advisors LLC Purchases New Stake in GE Vernova Inc. (NYSE:GEV)

Teamwork Financial Advisors LLC bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,810 shares of the company's stock, valued at approximately $2,995,000.

Other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of 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 during the last quarter. Capital International Investors raised its position in GE Vernova by 25.3% in 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. Geode Capital Management LLC lifted its holdings in GE Vernova by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock worth $1,898,814,000 after buying an additional 195,828 shares in the last quarter. Norges Bank bought a new position in GE Vernova in the 4th quarter valued at $1,109,720,000. Finally, Northern Trust Corp increased its stake in shares of GE Vernova by 15.0% in the 4th quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock valued at $865,126,000 after buying an additional 343,837 shares during the period.

GE Vernova Stock Performance

GE Vernova stock traded down $3.98 during midday trading on Thursday, reaching $484.15. 2,442,463 shares of the company's stock were exchanged, compared to its average volume of 3,329,305. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $500.72. The stock's 50-day simple moving average is $382.72 and its 200 day simple moving average is $358.53. The firm has a market cap of $132.14 billion, a price-to-earnings ratio of 87.08, a P/E/G ratio of 3.03 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. GE Vernova's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.47) EPS. Research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were issued 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 is currently 14.41%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GEV shares. Robert W. Baird upped their price target on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. New Street Research set a $380.00 target price on shares of GE Vernova in a research report on Wednesday, March 5th. TD Cowen lowered their price target on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Citigroup cut their price objective on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Baird R W raised shares of GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and an average target price of $385.78.

GE Vernova Company 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.