Voloridge Investment Management LLC Has $153.21 Million Stock Position in GE Vernova Inc. (NYSE:GEV)

Voloridge Investment Management LLC lifted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 110.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 465,795 shares of the company's stock after purchasing an additional 244,294 shares during the quarter. GE Vernova accounts for 0.5% of Voloridge Investment Management LLC's holdings, making the stock its 25th biggest holding. Voloridge Investment Management LLC owned approximately 0.17% of GE Vernova worth $153,214,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GEV shares. JPMorgan Chase & Co. lifted their price target on GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research note on Friday. Baird R W raised GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. TD Cowen cut their price target on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. CICC Research started coverage on GE Vernova in a research note on Wednesday, February 19th. They set an "outperform" rating on the stock. Finally, Guggenheim reissued a "buy" rating and set a $380.00 price target on shares of GE Vernova in a research note on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and an average price target of $374.62.

GE Vernova Stock Up 4.3%

NYSE GEV opened at $446.33 on Tuesday. The company has a market cap of $121.82 billion and a price-to-earnings ratio of 80.28. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $450.11. The business has a 50 day moving average price of $347.00 and a 200-day moving average price of $346.95.

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. The company 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 6.70% and a net margin of 4.44%. GE Vernova's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.47) earnings per share. On average, equities research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

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

GE Vernova 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.

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