Adage Capital Partners GP L.L.C. Grows Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Adage Capital Partners GP L.L.C. increased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 281.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,409 shares of the company's stock after buying an additional 107,301 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.05% of GE Vernova worth $47,829,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Howard Capital Management Group LLC acquired a new stake in shares of GE Vernova in the third quarter valued at about $213,000. Virtu Financial LLC acquired a new stake in GE Vernova during the 3rd quarter worth about $1,481,000. Westside Investment Management Inc. boosted its position in shares of GE Vernova by 24.0% during the 3rd quarter. Westside Investment Management Inc. now owns 362 shares of the company's stock valued at $92,000 after purchasing an additional 70 shares in the last quarter. Fulcrum Equity Management bought a new stake in GE Vernova in the third quarter worth approximately $218,000. Finally, World Investment Advisors LLC lifted its stake in GE Vernova by 41.4% in the third quarter. World Investment Advisors LLC now owns 2,876 shares of the company's stock valued at $733,000 after buying an additional 842 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GEV shares. Barclays cut their price objective on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. BMO Capital Markets dropped their target price on GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. CICC Research began coverage on shares of GE Vernova in a research note on Wednesday, February 19th. They issued an "outperform" rating for the company. Finally, Jefferies Financial Group boosted their price target on shares of GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $369.22.

GE Vernova Stock Performance

Shares of GE Vernova stock traded down $3.51 during mid-day trading on Wednesday, hitting $367.68. 951,566 shares of the stock were exchanged, compared to its average volume of 3,330,775. The company has a 50-day simple moving average of $319.02 and a 200 day simple moving average of $334.35. GE Vernova Inc. has a 12 month low of $149.42 and a 12 month high of $447.50. The company has a market capitalization of $100.35 billion and a P/E ratio of 66.13.

GE Vernova (NYSE:GEV - Get Free Report) last issued its 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. The business had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.47) EPS. Analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.27%. GE Vernova's payout ratio is currently 14.41%.

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.