JAT Capital Mgmt LP Acquires Shares of 10,000 GE Vernova Inc. (NYSE:GEV)

JAT Capital Mgmt LP acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,000 shares of the company's stock, valued at approximately $3,289,000. GE Vernova makes up about 0.5% of JAT Capital Mgmt LP's holdings, making the stock its 26th biggest position.

Several other large investors have also recently added to or reduced their stakes in GEV. 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 valued at $25,000 after purchasing an additional 39 shares during the period. MRP Capital Investments LLC bought a new position in GE Vernova during the 4th quarter worth $25,000. Fairway Wealth LLC raised its holdings in GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Pineridge Advisors LLC lifted its position in shares of GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after acquiring an additional 69 shares during the period. Finally, Navigoe LLC acquired a new stake in shares of GE Vernova during the 4th quarter worth $27,000.

GE Vernova Stock Performance

Shares of NYSE:GEV traded up $14.19 during trading on Friday, reaching $396.48. The stock had a trading volume of 3,600,690 shares, compared to its average volume of 3,335,611. The stock has a market cap of $108.21 billion and a price-to-earnings ratio of 71.31. The firm's fifty day moving average is $322.79 and its 200 day moving average is $336.70. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping 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 business had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter last year, the firm posted ($0.47) earnings per share. The firm's revenue was up 10.6% on a year-over-year basis. On average, research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors 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 dividend on an annualized basis and a dividend yield of 0.25%. GE Vernova's payout ratio is presently 14.41%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GEV shares. CICC Research initiated coverage on shares of GE Vernova in a research report on Wednesday, February 19th. They set an "outperform" rating for the company. Johnson Rice assumed coverage on shares of GE Vernova in a report on Friday, February 7th. They set a "buy" rating and a $425.00 price target for the company. Robert W. Baird lifted their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Truist Financial set a $440.00 target price on GE Vernova in a report on Thursday, March 27th. Finally, Baird R W raised GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.