Symmetry Investments LP Raises Holdings in GE Vernova Inc. (NYSE:GEV)

Symmetry Investments LP boosted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 62.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,719 shares of the company's stock after buying an additional 18,712 shares during the period. GE Vernova makes up 0.8% of Symmetry Investments LP's holdings, making the stock its 24th biggest holding. Symmetry Investments LP's holdings in GE Vernova were worth $16,025,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MRP Capital Investments LLC acquired a new position in GE Vernova during the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC boosted its holdings in GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after buying an additional 39 shares during the period. Fairway Wealth LLC increased its holdings in GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the period. Pineridge Advisors LLC lifted its holdings in shares of GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after acquiring an additional 69 shares during the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new position in GE Vernova in the 4th quarter worth approximately $30,000.

GE Vernova Stock Down 2.0 %

GE Vernova stock traded down $7.47 during midday trading on Monday, reaching $364.95. 1,834,695 shares of the stock traded hands, compared to its average volume of 3,349,550. The stock has a market cap of $99.76 billion and a P/E ratio of 65.61. The stock's fifty day moving average is $318.90 and its 200-day moving average is $333.37. GE Vernova Inc. has a 12 month low of $149.42 and a 12 month high of $447.50.

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

GE Vernova Dividend Announcement

The firm also recently announced 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 0.27%. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GEV shares. The Goldman Sachs Group increased their price target on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. William Blair reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, January 23rd. Citigroup lowered their target price on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Baird R W raised GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. Finally, Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $369.22.

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.