Tidal Investments LLC Increases Stake in GE Vernova Inc. (NYSE:GEV)

Tidal Investments LLC grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 701.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,294 shares of the company's stock after acquiring an additional 51,023 shares during the quarter. Tidal Investments LLC's holdings in GE Vernova were worth $19,175,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Hengehold Capital Management LLC lifted its stake in shares of GE Vernova by 2.4% in the 4th quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company's stock worth $405,000 after purchasing an additional 29 shares during the period. Mutual Advisors LLC boosted its stake in shares of GE Vernova by 1.2% during the 4th quarter. Mutual Advisors LLC now owns 2,701 shares of the company's stock worth $888,000 after acquiring an additional 31 shares during the last quarter. WASHINGTON TRUST Co grew its position in shares of GE Vernova by 1.9% during the 4th quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock valued at $560,000 after acquiring an additional 31 shares during the period. Kovack Advisors Inc. increased its stake in shares of GE Vernova by 1.0% in the 4th quarter. Kovack Advisors Inc. now owns 3,167 shares of the company's stock worth $1,042,000 after purchasing an additional 31 shares in the last quarter. Finally, NewSquare Capital LLC grew its holdings in GE Vernova by 32.4% during the fourth quarter. NewSquare Capital LLC now owns 139 shares of the company's stock valued at $46,000 after purchasing an additional 34 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Baird R W upgraded GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Guggenheim reiterated a "buy" rating and issued a $380.00 price target on shares of GE Vernova in a research report on Thursday, April 24th. Barclays decreased their price objective on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Truist Financial set a $440.00 target price on shares of GE Vernova in a report on Thursday, March 27th. Finally, Morgan Stanley reissued an "overweight" rating and set a $422.00 price target (up from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating, twenty-two 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $374.62.

GE Vernova Price Performance

Shares of GE Vernova stock traded up $5.43 during trading on Thursday, hitting $458.46. The stock had a trading volume of 2,680,694 shares, compared to its average volume of 3,329,217. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $472.75. The firm's fifty day simple moving average is $352.79 and its 200-day simple moving average is $348.40. The stock has a market cap of $125.13 billion and a PE ratio of 82.46.

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

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. GE Vernova's payout ratio is 14.41%.

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.