GE Vernova Inc. (NYSE:GEV) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 216.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,887 shares of the company's stock after acquiring an additional 9,505 shares during the period. Westwood Holdings Group Inc.'s holdings in GE Vernova were worth $4,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cedar Mountain Advisors LLC raised its position 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 in the last quarter. MRP Capital Investments LLC bought a new position in shares of GE Vernova during the 4th quarter worth $25,000. Fairway Wealth LLC increased its stake 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 period. Pineridge Advisors LLC raised its holdings in shares of GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after acquiring an additional 69 shares in the last quarter. Finally, Navigoe LLC purchased a new stake in GE Vernova in the fourth quarter worth about $27,000.

GE Vernova Trading Up 1.4%

GEV stock traded up $6.54 during midday trading on Monday, reaching $465.36. The stock had a trading volume of 3,569,081 shares, compared to its average volume of 3,332,350. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $469.81. The company's fifty day simple moving average is $358.25 and its 200 day simple moving average is $350.75. The company has a market cap of $127.01 billion and a price-to-earnings ratio of 83.70.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results 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 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 company's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted ($0.47) earnings per share. Sell-side 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio is currently 14.41%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. TD Cowen cut their target price on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group increased their price objective on shares of GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Morgan Stanley reissued an "overweight" rating and issued a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Barclays dropped their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Finally, Citigroup reduced their price target on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $374.62.

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.