Mufg Securities Americas Inc. Takes $1.34 Million Position in GE Vernova Inc. (NYSE:GEV)

Mufg Securities Americas Inc. acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,070 shares of the company's stock, valued at approximately $1,339,000.

Other hedge funds also recently modified their holdings of the company. Register Financial Advisors LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at $206,000. GPS Wealth Strategies Group LLC increased its stake in shares of GE Vernova by 1,126.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock valued at $294,000 after acquiring an additional 822 shares in the last quarter. Yarbrough Capital LLC increased its stake in shares of GE Vernova by 67.2% in the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after acquiring an additional 1,160 shares in the last quarter. Legacy Bridge LLC increased its stake in shares of GE Vernova by 77.0% in the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after acquiring an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in GE Vernova by 16.6% during the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after purchasing an additional 1,408 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have commented on GEV shares. BMO Capital Markets decreased their price target on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Johnson Rice started coverage on shares of GE Vernova in a research note on Friday, February 7th. They set a "buy" rating and a $425.00 price target for the company. Marathon Capitl upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. TD Cowen decreased their price target on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Citigroup decreased their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Six research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $374.62.

GE Vernova Stock Performance

NYSE GEV traded up $1.66 during trading on Friday, hitting $428.63. 2,595,385 shares of the company's stock traded hands, compared to its average volume of 3,314,890. The stock has a market capitalization of $116.99 billion and a price-to-earnings ratio of 77.09. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $447.50. The business has a 50 day moving average of $344.05 and a 200-day moving average of $345.30.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. The business 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 company's revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.47) earnings per share. On average, analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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

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.