Y.D. More Investments Ltd Invests $4.32 Million in GE Vernova Inc. $GEV

Key Points

• Y.D. More Investments established a new Q4 position in GE Vernova (NYSE:GEV), buying 6,609 shares worth about $4.32 million.
• GE Vernova posted a blowout quarter — $13.39 EPS vs. $2.99 expected and $10.96 billion in revenue (ahead of $10.21B), with a 46.91% ROE and 12.83% net margin.
• Institutional and analyst sentiment is positive: large holders like Vanguard and State Street increased stakes, the consensus rating is "Buy" with a $863.61 target, and the company pays a $0.50 quarterly dividend (0.2% yield).

Y.D. More Investments Ltd bought a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,609 shares of the company's stock, valued at approximately $4,319,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in GE Vernova by 0.6% in the third quarter. Vanguard Group Inc. now owns 24,815,463 shares of the company's stock worth $15,259,028,000 after purchasing an additional 150,892 shares in the last quarter. State Street Corp raised its holdings in shares of GE Vernova by 1.3% during the third quarter. State Street Corp now owns 11,238,278 shares of the company's stock valued at $6,910,417,000 after purchasing an additional 140,500 shares during the period. Northern Trust Corp raised its holdings in shares of GE Vernova by 1.8% during the third quarter. Northern Trust Corp now owns 2,877,458 shares of the company's stock valued at $1,769,349,000 after purchasing an additional 51,738 shares during the period. Invesco Ltd. boosted its position in shares of GE Vernova by 7.1% during the 3rd quarter. Invesco Ltd. now owns 2,375,738 shares of the company's stock worth $1,460,841,000 after purchasing an additional 158,481 shares in the last quarter. Finally, Capital World Investors grew its stake in shares of GE Vernova by 1,907.5% in the 3rd quarter. Capital World Investors now owns 2,156,197 shares of the company's stock valued at $1,325,842,000 after buying an additional 2,048,792 shares during the period.

GE Vernova Stock Performance

Shares of GEV opened at $898.26 on Monday. The firm has a market capitalization of $242.11 billion, a P/E ratio of 50.46, a P/E/G ratio of 3.54 and a beta of 1.43. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $948.38. The stock has a 50 day moving average price of $823.50 and a two-hundred day moving average price of $691.59.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same quarter last year, the company earned $1.73 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is 11.24%.

Analyst Ratings Changes

A number of brokerages recently commented on GEV. Royal Bank Of Canada boosted their target price on GE Vernova from $761.00 to $800.00 and gave the company an "outperform" rating in a research report on Friday, January 30th. Robert W. Baird set a $923.00 target price on GE Vernova and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. TD Cowen increased their target price on GE Vernova from $680.00 to $780.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Morgan Stanley lifted their price target on shares of GE Vernova from $817.00 to $960.00 and gave the company an "overweight" rating in a research report on Monday, March 23rd. Finally, Wall Street Zen upgraded shares of GE Vernova from a "hold" rating to a "buy" rating in a research note on Saturday, January 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, GE Vernova has a consensus rating of "Buy" and a consensus target price of $863.61.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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