Moore Capital Management LP Buys 195,753 Shares of GE Vernova Inc. (NYSE:GEV)

Moore Capital Management LP grew its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 1,957.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,753 shares of the company's stock after purchasing an additional 195,753 shares during the period. GE Vernova makes up 0.8% of Moore Capital Management LP's portfolio, making the stock its 12th biggest holding. Moore Capital Management LP owned 0.07% of GE Vernova worth $67,678,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GEV. Cedar Mountain Advisors LLC raised its position in shares of GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after purchasing an additional 39 shares during the period. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth $25,000. Fairway Wealth LLC raised its position in GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the period. Pineridge Advisors LLC raised its position in GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after buying an additional 69 shares during the period. Finally, Navigoe LLC acquired a new position in GE Vernova during the fourth quarter valued at $27,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Guggenheim reissued a "buy" rating and set a $380.00 price target on shares of GE Vernova in a research report on Thursday, April 24th. Truist Financial set a $440.00 price target on GE Vernova in a research report on Thursday, March 27th. Baird R W raised GE Vernova to a "strong-buy" rating in a research report on Thursday, February 13th. Robert W. Baird boosted their target price on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets decreased their target price on GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Six investment 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $374.62.

GE Vernova Stock Up 0.4%

GEV stock traded up $1.66 during midday trading on Friday, reaching $428.63. 2,595,385 shares of the company's stock traded hands, compared to its average volume of 3,314,890. The company has a market cap of $116.99 billion and a price-to-earnings ratio of 77.09. The company has a 50-day simple moving average of $344.05 and a two-hundred day simple moving average of $345.30. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50.

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

GE Vernova Dividend Announcement

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