Gilder Gagnon Howe & Co. LLC Grows Position in GE Vernova Inc. (NYSE:GEV)

Gilder Gagnon Howe & Co. LLC grew its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 103.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,364 shares of the company's stock after buying an additional 19,973 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in GE Vernova were worth $12,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its holdings in GE Vernova by 21.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,029 shares of the company's stock valued at $1,983,000 after buying an additional 1,081 shares during the period. Capital Analysts LLC raised its position in shares of GE Vernova by 70.3% in the 4th quarter. Capital Analysts LLC now owns 109 shares of the company's stock worth $36,000 after acquiring an additional 45 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of GE Vernova by 4.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,433 shares of the company's stock valued at $2,116,000 after purchasing an additional 283 shares during the period. Webs Creek Capital Management LP boosted its position in shares of GE Vernova by 34.3% during the 4th quarter. Webs Creek Capital Management LP now owns 78,640 shares of the company's stock valued at $25,867,000 after purchasing an additional 20,077 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in GE Vernova by 281.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 145,409 shares of the company's stock worth $47,829,000 after purchasing an additional 107,301 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GEV shares. JPMorgan Chase & Co. cut their price target on GE Vernova from $436.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. CICC Research assumed coverage on shares of GE Vernova in a research note on Wednesday, February 19th. They set an "outperform" rating on the stock. BMO Capital Markets reduced their price target on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Bank of America upped their price objective on shares of GE Vernova from $380.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their target price on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $369.22.

GE Vernova Stock Up 4.4 %

GE Vernova stock traded up $17.00 during mid-day trading on Friday, reaching $399.29. 2,529,524 shares of the company's stock were exchanged, compared to its average volume of 3,333,560. The firm has a market capitalization of $108.98 billion and a PE ratio of 71.78. The business's fifty day simple moving average is $321.22 and its 200 day simple moving average is $335.37. GE Vernova Inc. has a one year low of $150.01 and a one year high of $447.50.

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

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be paid 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 0.25%. GE Vernova's payout ratio is currently 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.