GE Vernova Inc. (NYSE:GEV) Shares Bought by Night Owl Capital Management LLC

Night Owl Capital Management LLC lifted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 117,211 shares of the company's stock after buying an additional 38,581 shares during the quarter. GE Vernova accounts for approximately 5.0% of Night Owl Capital Management LLC's holdings, making the stock its 7th largest holding. Night Owl Capital Management LLC's holdings in GE Vernova were worth $38,554,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. NorthRock Partners LLC raised its holdings in shares of GE Vernova by 288.9% during the 4th quarter. NorthRock Partners LLC now owns 4,200 shares of the company's stock valued at $1,382,000 after buying an additional 3,120 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of GE Vernova by 5.0% during the 4th quarter. Nuveen Asset Management LLC now owns 614,792 shares of the company's stock valued at $202,224,000 after buying an additional 29,548 shares during the period. OMERS ADMINISTRATION Corp raised its holdings in shares of GE Vernova by 18.4% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 11,421 shares of the company's stock valued at $3,757,000 after buying an additional 1,774 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of GE Vernova in the fourth quarter worth about $4,079,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in GE Vernova by 47.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,999 shares of the company's stock valued at $20,438,000 after purchasing an additional 19,838 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently commented on GEV shares. New Street Research set a $380.00 price target on GE Vernova in a report on Wednesday, March 5th. Johnson Rice began coverage on GE Vernova in a research note on Friday, February 7th. They set a "buy" rating and a $425.00 target price for the company. Barclays reduced their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Guggenheim reiterated a "buy" rating and set a $380.00 target price on shares of GE Vernova in a research note on Thursday, April 24th. Finally, BMO Capital Markets reduced 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 issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $374.62.

GE Vernova Trading Up 0.4%

GEV traded up $1.66 during trading on Friday, reaching $428.63. 2,595,385 shares of the company were exchanged, compared to its average volume of 3,314,890. The stock has a market cap of $116.99 billion and a P/E ratio of 77.09. The firm has a 50 day moving average of $344.05 and a 200 day moving average of $345.30. 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 issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm's revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.47) EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were paid 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 yield of 0.23%. GE Vernova's payout ratio is currently 14.41%.

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.