Tema Etfs LLC Invests $682,000 in GE Vernova Inc. (NYSE:GEV)

Tema Etfs LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,072 shares of the company's stock, valued at approximately $682,000.

Other hedge funds have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its stake in GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after purchasing an additional 39 shares during the last quarter. MRP Capital Investments LLC bought a new position in shares of GE Vernova during the fourth quarter valued at $25,000. Fairway Wealth LLC boosted its position 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 buying an additional 55 shares during the last quarter. Pineridge Advisors LLC boosted its position in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after buying an additional 69 shares during the last quarter. Finally, Navigoe LLC purchased a new position in GE Vernova in the 4th quarter worth about $27,000.

GE Vernova Price Performance

Shares of GE Vernova stock traded up $3.84 during trading hours on Wednesday, reaching $453.88. The company's stock had a trading volume of 3,925,800 shares, compared to its average volume of 3,331,693. The firm has a 50 day moving average price of $349.99 and a 200-day moving average price of $347.66. The stock has a market cap of $123.88 billion and a P/E ratio of 81.63. GE Vernova Inc. has a one year low of $150.01 and a one year high of $462.89.

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

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors 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 0.22%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is currently 14.41%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GEV. Marathon Capitl upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. Baird R W raised GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. BMO Capital Markets cut their price target on GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Jefferies Financial Group increased their price objective on shares of GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Robert W. Baird upped their target price on shares of GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $374.62.

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.