Yarbrough Capital LLC raised its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 41.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,076 shares of the company's stock after buying an additional 1,190 shares during the period. Yarbrough Capital LLC's holdings in GE Vernova were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. MRP Capital Investments LLC purchased a new stake in GE Vernova in the 4th quarter valued at about $25,000. Fairway Wealth LLC boosted its position in GE Vernova by 220.0% in the 4th 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 boosted its position in GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after buying an additional 69 shares during the period. Navigoe LLC purchased a new stake in shares of GE Vernova in the 4th quarter worth approximately $27,000. Finally, Clarity Asset Management Inc. purchased a new stake in shares of GE Vernova in the 4th quarter worth approximately $28,000.
GE Vernova Trading Up 0.6%
Shares of GE Vernova stock opened at $487.06 on Friday. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $500.72. The firm has a market capitalization of $132.94 billion, a price-to-earnings ratio of 87.60, a PEG ratio of 3.03 and a beta of 1.97. The firm's 50 day simple moving average is $389.72 and its two-hundred day simple moving average is $360.77.
GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the business posted ($0.47) EPS. GE Vernova's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.
GE Vernova Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were paid 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 0.21%. GE Vernova's payout ratio is 14.41%.
Wall Street Analyst Weigh In
GEV has been the subject of several research reports. Susquehanna reaffirmed a "positive" rating and issued a $499.00 price target (up previously from $399.00) on shares of GE Vernova in a research report on Wednesday, May 14th. BMO Capital Markets upped their price target on shares of GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and upped their price target for the stock from $427.00 to $517.00 in a research report on Thursday, May 29th. Finally, CICC Research initiated coverage on shares of GE Vernova in a research report on Wednesday, February 19th. They issued an "outperform" rating for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and an average price target of $385.78.
Get Our Latest Stock Analysis on GE Vernova
GE Vernova Company Profile
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
