893 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Perbak Capital Partners LLP

Perbak Capital Partners LLP acquired a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 893 shares of the company's stock, valued at approximately $294,000.

Several other institutional investors have also bought and sold shares of GEV. Hhlr Advisors LTD. boosted its stake in GE Vernova by 1.0% in the 4th quarter. Hhlr Advisors LTD. now owns 7,826 shares of the company's stock worth $2,574,000 after purchasing an additional 80 shares during the period. California State Teachers Retirement System grew its stake in GE Vernova by 10.1% during the fourth quarter. California State Teachers Retirement System now owns 373,448 shares of the company's stock valued at $122,838,000 after acquiring an additional 34,262 shares in the last quarter. Northern Trust Corp lifted its stake in GE Vernova by 15.0% in the 4th quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock worth $865,126,000 after purchasing an additional 343,837 shares in the last quarter. Shorepoint Capital Partners LLC purchased a new position in shares of GE Vernova during the 4th quarter valued at $1,358,000. Finally, Mission Creek Capital Partners Inc. grew its position in shares of GE Vernova by 331.7% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 4,442 shares of the company's stock valued at $1,461,000 after purchasing an additional 3,413 shares in the last quarter.

GE Vernova Price Performance

NYSE:GEV traded up $14.19 during trading hours on Friday, hitting $396.48. The company had a trading volume of 3,600,690 shares, compared to its average volume of 3,340,810. The stock has a 50-day moving average price of $322.79 and a 200 day moving average price of $336.27. The company has a market capitalization of $108.21 billion and a PE ratio of 71.31. 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 announced its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the firm posted ($0.47) EPS. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, April 17th. GE Vernova's dividend payout ratio is currently 14.41%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GEV. Morgan Stanley reissued an "overweight" rating and set a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. CICC Research began coverage on GE Vernova in a research report on Wednesday, February 19th. They set an "outperform" rating for the company. Jefferies Financial Group upped their price objective on shares of GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Finally, Barclays lowered their price objective on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research report 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $369.22.

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.