Interval Partners LP Acquires 944 Shares of GE Vernova Inc. (NYSE:GEV)

Interval Partners LP boosted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 35.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,585 shares of the company's stock after buying an additional 944 shares during the period. Interval Partners LP's holdings in GE Vernova were worth $1,179,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cedar Mountain Advisors LLC lifted its holdings in shares of GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after purchasing an additional 39 shares during the last quarter. MRP Capital Investments LLC bought a new stake in GE Vernova in the fourth quarter worth $25,000. Fairway Wealth LLC grew its stake in shares of GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Pineridge Advisors LLC increased its holdings in shares of GE Vernova by 530.8% during 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 position in shares of GE Vernova in the 4th quarter worth about $27,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Johnson Rice started coverage on shares of GE Vernova in a report on Friday, February 7th. They issued a "buy" rating and a $425.00 target price for the company. Baird R W upgraded shares of GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Barclays reduced their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, Citigroup lowered their price target on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $374.62.

GE Vernova Stock Performance

Shares of NYSE GEV traded up $1.66 during trading on Friday, hitting $428.63. The company had a trading volume of 2,595,385 shares, compared to its average volume of 3,308,073. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $447.50. The firm has a market capitalization of $116.99 billion and a P/E ratio of 77.09. The stock has a 50 day simple moving average of $341.15 and a 200 day simple moving average of $344.40.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the prior year, the firm posted ($0.47) EPS. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. GE Vernova's payout ratio is 14.41%.

GE Vernova Company 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.