Ancora Advisors LLC Grows Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Ancora Advisors LLC raised its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 60.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,414 shares of the company's stock after buying an additional 909 shares during the period. Ancora Advisors LLC's holdings in GE Vernova were worth $794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GEV. Register Financial Advisors LLC bought a new position in GE Vernova in the 4th quarter worth $206,000. GPS Wealth Strategies Group LLC raised its stake in shares of GE Vernova by 1,126.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock worth $294,000 after buying an additional 822 shares during the period. Yarbrough Capital LLC lifted its position in shares of GE Vernova by 67.2% during the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after buying an additional 1,160 shares in the last quarter. Legacy Bridge LLC grew its stake in shares of GE Vernova by 77.0% during the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after acquiring an additional 4,776 shares during the period. Finally, CENTRAL TRUST Co increased its holdings in GE Vernova by 16.6% in the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock worth $3,247,000 after acquiring an additional 1,408 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GEV shares. Jefferies Financial Group upped their price target on shares of GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. cut their price target on GE Vernova from $436.00 to $425.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. New Street Research set a $380.00 price objective on GE Vernova in a research report on Wednesday, March 5th. Susquehanna increased their target price on GE Vernova from $370.00 to $399.00 and gave the stock a "positive" rating in a research report on Thursday, April 24th. Finally, CICC Research began coverage on GE Vernova in a research note on Wednesday, February 19th. They issued an "outperform" rating for the company. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and an average target price of $369.22.

GE Vernova Stock Up 1.0 %

GEV traded up $4.03 on Friday, reaching $398.03. 2,383,020 shares of the company traded hands, compared to its average volume of 3,314,351. The company has a market cap of $108.64 billion and a P/E ratio of 71.59. GE Vernova Inc. has a one year low of $150.01 and a one year high of $447.50. The firm has a fifty day simple moving average of $330.33 and a two-hundred day simple moving average of $341.03.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the company posted ($0.47) EPS. GE Vernova's revenue was up 10.6% 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 firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) 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.