V Square Quantitative Management LLC Takes Position in GE Vernova Inc. $GEV

V Square Quantitative Management LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEVFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,529 shares of the company’s stock, valued at approximately $2,960,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Voisard Asset Management Group Inc. lifted its holdings in shares of GE Vernova by 2.7% during the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock valued at $376,000 after acquiring an additional 15 shares in the last quarter. Northwest Wealth Management LLC lifted its holdings in shares of GE Vernova by 3.6% during the 3rd quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock valued at $286,000 after acquiring an additional 16 shares in the last quarter. Sutton Place Investors LLC lifted its holdings in shares of GE Vernova by 3.1% during the 4th quarter. Sutton Place Investors LLC now owns 531 shares of the company’s stock valued at $347,000 after acquiring an additional 16 shares in the last quarter. Washburn Capital Management Inc. lifted its holdings in shares of GE Vernova by 0.3% during the 4th quarter. Washburn Capital Management Inc. now owns 4,735 shares of the company’s stock valued at $3,095,000 after acquiring an additional 16 shares in the last quarter. Finally, Graney & King LLC lifted its holdings in shares of GE Vernova by 2.4% during the 2nd quarter. Graney & King LLC now owns 722 shares of the company’s stock valued at $382,000 after acquiring an additional 17 shares in the last quarter.

GE Vernova Price Performance

Shares of GEV stock opened at $936.31 on Thursday. GE Vernova Inc. has a 12 month low of $281.56 and a 12 month high of $962.72. The firm has a market capitalization of $252.36 billion, a P/E ratio of 52.60, a P/E/G ratio of 3.54 and a beta of 1.43. The company’s fifty day moving average price is $836.90 and its two-hundred day moving average price is $697.29.

GE Vernova (NYSE:GEVGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same quarter in the previous year, the business posted $1.73 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova’s dividend payout ratio is 11.24%.

Wall Street Analyst Weigh In

GEV has been the topic of several recent research reports. Erste Group Bank upgraded shares of GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. Bank of America lifted their target price on shares of GE Vernova from $725.00 to $804.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Zacks Research upgraded shares of GE Vernova from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Wolfe Research upgraded shares of GE Vernova from a “peer perform” rating to a “buy” rating in a report on Wednesday, December 10th. Finally, Morgan Stanley boosted their price objective on shares of GE Vernova from $817.00 to $960.00 and gave the stock an “overweight” rating in a report on Monday, March 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Buy” and an average price target of $863.61.

Check Out Our Latest Stock Report on GE Vernova

GE Vernova News Roundup

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GE Vernova Company Profile

(Free Report)

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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