Mission Creek Capital Partners Inc. Has $1.46 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Mission Creek Capital Partners Inc. boosted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 331.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,442 shares of the company's stock after acquiring an additional 3,413 shares during the quarter. Mission Creek Capital Partners Inc.'s holdings in GE Vernova were worth $1,461,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Armstrong Advisory Group Inc. grew its position in GE Vernova by 3.5% during the 4th quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company's stock worth $262,000 after purchasing an additional 27 shares during the last quarter. Hengehold Capital Management LLC raised its holdings in GE Vernova by 2.4% during the fourth quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company's stock worth $405,000 after purchasing an additional 29 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of GE Vernova by 1.6% in the 4th quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company's stock worth $611,000 after buying an additional 30 shares in the last quarter. Mutual Advisors LLC grew its position in shares of GE Vernova by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 2,701 shares of the company's stock valued at $888,000 after purchasing an additional 31 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its position in GE Vernova by 1.9% during the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock worth $560,000 after buying an additional 31 shares in the last quarter.

GE Vernova Trading Up 3.1 %

Shares of NYSE GEV traded up $11.45 during midday trading on Thursday, reaching $382.27. The company's stock had a trading volume of 3,046,344 shares, compared to its average volume of 3,335,968. The company has a market cap of $104.34 billion and a price-to-earnings ratio of 68.75. The company has a 50 day moving average price of $319.89 and a 200 day moving average price of $334.60. GE Vernova Inc. has a one year low of $149.42 and a one year high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last announced 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 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 analysts' expectations of $7.56 billion. During the same period last year, the company posted ($0.47) earnings per share. The business's revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. New Street Research set a $380.00 price objective on shares of GE Vernova in a research report on Wednesday, March 5th. William Blair restated an "outperform" rating on shares of GE Vernova in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. BMO Capital Markets lowered 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. Finally, Robert W. Baird lifted their price objective on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $369.22.

About GE Vernova

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.