10,664 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Vanderbilt University

Vanderbilt University acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,664 shares of the company's stock, valued at approximately $3,256,000.

Other large investors have also made changes to their positions in the company. MRP Capital Investments LLC purchased a new position in shares of GE Vernova during the 4th quarter worth $25,000. Fairway Wealth LLC increased its stake in GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Navigoe LLC purchased a new position in GE Vernova during the fourth quarter worth about $27,000. Clarity Asset Management Inc. purchased a new position in GE Vernova during the fourth quarter worth about $28,000. Finally, Pinpoint Asset Management Ltd acquired a new stake in GE Vernova in the 4th quarter worth about $30,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on GEV shares. The Goldman Sachs Group upped their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Barclays boosted their target price on shares of GE Vernova from $500.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Royal Bank Of Canada dropped their price target on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research report on Tuesday, March 18th. Morgan Stanley reiterated an "overweight" rating and issued a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Finally, BMO Capital Markets boosted their price objective on shares of GE Vernova from $381.00 to $522.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $404.56.

GE Vernova Stock Performance

Shares of GEV stock traded down $3.78 during midday trading on Friday, hitting $486.41. 4,002,218 shares of the company were exchanged, compared to its average volume of 3,269,632. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $500.72. The firm has a market capitalization of $132.76 billion, a P/E ratio of 70.09, a PEG ratio of 3.81 and a beta of 1.97. The firm's 50 day moving average price is $425.55 and its two-hundred day moving average price is $370.71.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.47) EPS. Analysts expect that GE Vernova Inc. will post 6.59 EPS 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) 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.