GE Vernova Inc. (NYSE:GEV) Holdings Raised by 11 Capital Partners LP

11 Capital Partners LP raised its holdings in GE Vernova Inc. (NYSE:GEV) by 14.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,348 shares of the company’s stock after acquiring an additional 5,211 shares during the period. GE Vernova accounts for 5.3% of 11 Capital Partners LP’s holdings, making the stock its 9th biggest holding. 11 Capital Partners LP’s holdings in GE Vernova were worth $13,272,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Armstrong Advisory Group Inc. raised its position in shares of GE Vernova by 3.5% in the fourth quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company’s stock worth $262,000 after acquiring an additional 27 shares during the period. Hengehold Capital Management LLC raised its position in shares of GE Vernova by 2.4% in the fourth quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company’s stock worth $405,000 after acquiring an additional 29 shares during the period. AdvisorNet Financial Inc raised its position in shares of GE Vernova by 1.6% in the fourth quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company’s stock worth $611,000 after acquiring an additional 30 shares during the period. Mutual Advisors LLC raised its position in shares of GE Vernova by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 2,701 shares of the company’s stock worth $888,000 after acquiring an additional 31 shares during the period. Finally, WASHINGTON TRUST Co raised its position in shares of GE Vernova by 1.9% in the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company’s stock worth $560,000 after acquiring an additional 31 shares during the period.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Bank of America upped their price target on shares of GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Johnson Rice began coverage on shares of GE Vernova in a research report on Friday, February 7th. They set a “buy” rating and a $425.00 price target for the company. The Goldman Sachs Group upped their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped their price objective on shares of GE Vernova from $436.00 to $425.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Finally, Robert W. Baird upped their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.22.

GE Vernova Price Performance

GEV opened at $369.79 on Tuesday. GE Vernova Inc. has a 12 month low of $149.42 and a 12 month high of $447.50. The stock has a market capitalization of $100.93 billion and a price-to-earnings ratio of 66.51. The business has a fifty day moving average price of $318.79 and a 200 day moving average price of $334.09.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.56 billion. During the same period in the previous year, the firm posted ($0.47) EPS. GE Vernova’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, research analysts anticipate 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 will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. GE Vernova’s dividend payout ratio is currently 14.41%.

About GE Vernova

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.