GE Vernova Inc. (NYSE:GEV) Stock Holdings Boosted by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 148.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,155,183 shares of the company’s stock after buying an additional 690,513 shares during the quarter. GE Vernova comprises about 1.3% of Jacobs Levy Equity Management Inc.’s portfolio, making the stock its 9th biggest holding. Jacobs Levy Equity Management Inc. owned approximately 0.42% of GE Vernova worth $379,974,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Cedar Mountain Advisors LLC boosted its position in shares of GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock worth $25,000 after buying an additional 39 shares during the period. MRP Capital Investments LLC purchased a new position in shares of GE Vernova in the 4th quarter valued at $25,000. Fairway Wealth LLC increased its position in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Pineridge Advisors LLC lifted its holdings in shares of GE Vernova by 530.8% in the 4th 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 acquired a new stake in shares of GE Vernova in the 4th quarter valued at about $27,000.

GE Vernova Stock Up 1.0 %

Shares of GEV opened at $398.03 on Friday. The firm has a 50-day moving average price of $330.33 and a 200 day moving average price of $341.03. The firm has a market capitalization of $108.64 billion and a PE ratio of 71.59. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $447.50.

GE Vernova (NYSE:GEV) last issued its quarterly 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. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. GE Vernova’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.47) earnings per share. On average, equities analysts expect that GE Vernova Inc. will post 6.59 EPS 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 0.25%. GE Vernova’s dividend payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GEV. BMO Capital Markets decreased their price objective on GE Vernova from $471.00 to $420.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Guggenheim reissued a “buy” rating and issued a $380.00 price objective on shares of GE Vernova in a research note on Thursday, April 24th. The Goldman Sachs Group upped their target price on shares of GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a report on Friday, January 24th. Jefferies Financial Group lifted their price target on shares of GE Vernova from $391.00 to $413.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, Robert W. Baird increased their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Six research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $369.22.

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.