Bain Capital Public Equity LP Sells 12,940 Shares of GE Vernova Inc. (NYSE:GEV)

Bain Capital Public Equity LP reduced its stake in GE Vernova Inc. (NYSE:GEV) by 38.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,883 shares of the company’s stock after selling 12,940 shares during the quarter. GE Vernova comprises about 4.5% of Bain Capital Public Equity LP’s portfolio, making the stock its 10th largest holding. Bain Capital Public Equity LP’s holdings in GE Vernova were worth $6,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GEV. MRP Capital Investments LLC purchased a new position in GE Vernova in the 4th quarter worth $25,000. Cedar Mountain Advisors LLC boosted its holdings in shares of GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after acquiring an additional 39 shares during the last quarter. Fairway Wealth LLC lifted its position in GE Vernova by 220.0% during the fourth 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 boosted its holdings in GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock valued at $27,000 after purchasing an additional 69 shares during the last quarter. Finally, Navigoe LLC purchased a new position in shares of GE Vernova during the 4th quarter valued at about $27,000.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GEV shares. The Goldman Sachs Group raised their target price on GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, January 24th. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 23rd. Bank of America boosted their price target on shares of GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Guggenheim reaffirmed a “buy” rating and set a $380.00 price objective on shares of GE Vernova in a report on Thursday, April 24th. Finally, Jefferies Financial Group boosted their target price on shares of GE Vernova from $391.00 to $413.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.22.

GE Vernova Stock Up 3.7 %

Shares of GE Vernova stock opened at $396.48 on Friday. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $447.50. The firm’s 50 day moving average is $322.79 and its two-hundred day moving average is $336.70. The firm has a market capitalization of $108.21 billion and a P/E ratio of 71.31.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS 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 the consensus estimate of $7.56 billion. During the same period last year, the firm posted ($0.47) EPS. The company’s revenue was up 10.6% on a year-over-year basis. As a group, research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s payout ratio is currently 14.41%.

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.