GE Vernova Inc. (NYSE:GEV) Position Boosted by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,421 shares of the company's stock after purchasing an additional 1,774 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in GE Vernova were worth $3,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MRP Capital Investments LLC acquired a new stake in GE Vernova in the fourth quarter valued at $25,000. Cedar Mountain Advisors LLC raised its holdings in GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after acquiring an additional 39 shares in the last quarter. Fairway Wealth LLC raised its holdings in GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Pineridge Advisors LLC raised its holdings in GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after acquiring an additional 69 shares in the last quarter. Finally, Navigoe LLC acquired a new stake in GE Vernova in the fourth quarter valued at $27,000.

Analyst Upgrades and Downgrades

GEV has been the topic of several recent analyst reports. New Street Research set a $380.00 price target on shares of GE Vernova in a report on Wednesday, March 5th. Citigroup cut their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Guggenheim reaffirmed a "buy" rating and issued a $380.00 price target on shares of GE Vernova in a report on Thursday, April 24th. CICC Research began coverage on shares of GE Vernova in a report on Wednesday, February 19th. They set an "outperform" rating on the stock. Finally, Susquehanna reissued a "positive" rating and set a $499.00 target price (up from $399.00) on shares of GE Vernova in a report on Wednesday. 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, the company presently has an average rating of "Moderate Buy" and an average price target of $374.62.

GE Vernova Stock Performance

Shares of GE Vernova stock traded up $1.66 during trading on Friday, hitting $428.63. 2,595,385 shares of the stock were exchanged, compared to its average volume of 3,314,890. The stock's fifty day moving average is $344.05 and its 200 day moving average is $345.30. The stock has a market cap of $116.99 billion and a PE ratio of 77.09. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. GE Vernova's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.47) EPS. Sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

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