Lighthouse Investment Partners LLC Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Lighthouse Investment Partners LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,540 shares of the company's stock, valued at approximately $1,493,000.

A number of other large investors have also added to or reduced their stakes in the business. FMR LLC raised its stake in GE Vernova by 3.4% in the 4th quarter. FMR LLC now owns 24,861,833 shares of the company's stock valued at $8,177,803,000 after acquiring an additional 814,155 shares during the period. Capital International Investors raised its stake in GE Vernova by 25.3% in the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock valued at $4,886,164,000 after acquiring an additional 2,994,660 shares during the period. Geode Capital Management LLC raised its stake in GE Vernova by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock valued at $1,898,814,000 after acquiring an additional 195,828 shares during the period. Norges Bank bought a new stake in GE Vernova in the 4th quarter valued at $1,109,720,000. Finally, Northern Trust Corp raised its stake in GE Vernova by 15.0% in the 4th quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock valued at $865,126,000 after acquiring an additional 343,837 shares during the period.

GE Vernova Stock Up 0.4%

Shares of GEV stock traded up $1.66 during mid-day trading on Friday, reaching $428.63. 2,595,385 shares of the stock traded hands, compared to its average volume of 3,314,890. The stock's fifty day simple moving average is $344.05 and its two-hundred day simple moving average is $345.30. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50. The company has a market cap of $116.99 billion and a price-to-earnings ratio of 77.09.

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

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. New Street Research set a $380.00 price target on GE Vernova in a research note on Wednesday, March 5th. Royal Bank of Canada lowered their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Johnson Rice began coverage on GE Vernova in a research report on Friday, February 7th. They set a "buy" rating and a $425.00 price objective on the stock. Barclays lowered their price objective on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Finally, CICC Research began coverage on GE Vernova in a research report on Wednesday, February 19th. They set an "outperform" rating on the stock. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and an average price target of $374.62.

GE Vernova 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.