GE Vernova Inc. (NYSE:GEV) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 24.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,538 shares of the company's stock after purchasing an additional 4,451 shares during the period. Quantinno Capital Management LP's holdings in GE Vernova were worth $7,413,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC grew its stake in shares of GE Vernova by 102.6% in 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 last quarter. MRP Capital Investments LLC bought a new stake in GE Vernova in the fourth quarter valued at $25,000. Fairway Wealth LLC increased its position in GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares during the period. Pineridge Advisors LLC raised its holdings in GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after purchasing an additional 69 shares in the last quarter. Finally, Navigoe LLC purchased a new stake in shares of GE Vernova in the 4th quarter worth about $27,000.

GE Vernova Stock Performance

GE Vernova stock traded up $18.27 during midday trading on Monday, hitting $446.33. 3,123,788 shares of the company's stock were exchanged, compared to its average volume of 3,319,656. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $447.50. The firm has a 50-day moving average of $344.05 and a two-hundred day moving average of $345.94. The company has a market cap of $121.82 billion and a PE ratio of 80.28.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the prior year, the business earned ($0.47) EPS. The firm's quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. GE Vernova's dividend payout ratio is presently 14.41%.

Wall Street Analyst Weigh In

Several analysts have commented on GEV shares. Jefferies Financial Group raised their price objective on shares of GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Barclays reduced their price target on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. William Blair reissued an "outperform" rating on shares of GE Vernova in a research report on Thursday, January 23rd. Robert W. Baird raised their price objective on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Finally, Citigroup dropped their price objective on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $374.62.

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.