Victrix Investment Advisors Invests $390,000 in GE Vernova Inc. (NYSE:GEV)

Victrix Investment Advisors bought a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,185 shares of the company's stock, valued at approximately $390,000.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in GE Vernova by 3.4% in the 4th quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after buying an additional 814,155 shares during the period. Capital International Investors boosted its holdings 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 buying an additional 2,994,660 shares during the period. Geode Capital Management LLC lifted its stake in GE Vernova by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock worth $1,898,814,000 after purchasing an additional 195,828 shares in the last quarter. Norges Bank purchased a new stake in GE Vernova in the 4th quarter worth $1,109,720,000. Finally, Northern Trust Corp lifted its stake in GE Vernova by 15.0% in the 4th quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock worth $865,126,000 after purchasing an additional 343,837 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have commented on GEV shares. JPMorgan Chase & Co. boosted their price target on shares of GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Jefferies Financial Group boosted their price target 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. The Goldman Sachs Group boosted their price target on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Guggenheim reiterated a "buy" rating and issued a $380.00 price target on shares of GE Vernova in a research note on Thursday, April 24th. Finally, CICC Research started coverage on shares of GE Vernova in a research note on Wednesday, February 19th. They issued an "outperform" rating on the stock. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and an average target price of $374.62.

GE Vernova Stock Up 0.9%

NYSE:GEV traded up $3.84 during mid-day trading on Wednesday, hitting $453.88. 3,925,800 shares of the stock traded hands, compared to its average volume of 3,331,687. The stock has a market capitalization of $123.88 billion and a price-to-earnings ratio of 81.63. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $463.00. The firm's 50 day moving average is $352.79 and its two-hundred day moving average is $348.40.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. The company had revenue of $8.03 billion for 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%. The firm's revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.47) EPS. As a group, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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