CreativeOne Wealth LLC Increases Position in GE Vernova Inc. (NYSE:GEV)

CreativeOne Wealth LLC lifted its stake in GE Vernova Inc. (NYSE:GEVFree Report) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,632 shares of the company’s stock after purchasing an additional 471 shares during the period. CreativeOne Wealth LLC’s holdings in GE Vernova were worth $866,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of GE Vernova during the 4th quarter worth $1,109,720,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of GE Vernova by 1,638.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company’s stock valued at $432,309,000 after buying an additional 1,238,690 shares in the last quarter. FMR LLC grew its position in shares of GE Vernova by 3.4% in the 4th quarter. FMR LLC now owns 24,861,833 shares of the company’s stock worth $8,177,803,000 after buying an additional 814,155 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of GE Vernova during the 4th quarter worth approximately $219,187,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of GE Vernova by 555.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 569,738 shares of the company’s stock worth $187,404,000 after acquiring an additional 482,787 shares in the last quarter.

GE Vernova Stock Performance

GEV opened at $322.81 on Friday. The company has a fifty day moving average of $322.67 and a two-hundred day moving average of $329.15. The stock has a market capitalization of $88.24 billion and a price-to-earnings ratio of 58.06. GE Vernova Inc. has a fifty-two week low of $132.11 and a fifty-two week high of $447.50.

GE Vernova (NYSE:GEVGet Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. GE Vernova’s dividend payout ratio is currently 17.99%.

Analysts Set New Price Targets

Several research firms have issued reports on GEV. CICC Research started coverage on shares of GE Vernova in a report on Wednesday, February 19th. They issued an “outperform” rating on the stock. Johnson Rice assumed coverage on GE Vernova in a research report on Friday, February 7th. They set a “buy” rating and a $425.00 target price on the stock. Guggenheim reissued a “buy” rating and issued a $380.00 price target on shares of GE Vernova in a report on Thursday. Susquehanna began coverage on shares of GE Vernova in a report on Wednesday, April 2nd. They set a “positive” rating and a $370.00 price objective on the stock. Finally, Baird R W raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, February 13th. Seven equities 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $357.13.

Get Our Latest Report on GE Vernova

GE Vernova Company Profile

(Free Report)

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.

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

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