Westwood Holdings Group Inc. Acquires 9,505 Shares of GE Vernova Inc. (NYSE:GEV)

Westwood Holdings Group Inc. lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 216.9% during the 4th quarter, Holdings Channel reports. The firm owned 13,887 shares of the company’s stock after purchasing an additional 9,505 shares during the period. Westwood Holdings Group Inc.’s holdings in GE Vernova were worth $4,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MRP Capital Investments LLC bought a new position in shares of GE Vernova during the fourth quarter worth approximately $25,000. Cedar Mountain Advisors LLC increased its holdings 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 purchasing an additional 39 shares during the period. Fairway Wealth LLC increased its holdings 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 during the period. Pineridge Advisors LLC increased its holdings in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 69 shares during the period. Finally, Navigoe LLC bought a new position in shares of GE Vernova during the fourth quarter worth approximately $27,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of GE Vernova from $391.00 to $413.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Robert W. Baird lifted 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. New Street Research set a $380.00 price objective on shares of GE Vernova in a research note on Wednesday, March 5th. BMO Capital Markets decreased their price objective on shares of GE Vernova from $471.00 to $420.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, 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. Six investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $374.62.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $449.36 on Wednesday. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $451.37. The firm has a market capitalization of $122.65 billion and a P/E ratio of 80.82. The company’s 50 day moving average price is $349.99 and its two-hundred day moving average price is $347.66.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.47) earnings per share. On average, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. GE Vernova’s dividend payout ratio (DPR) is presently 14.41%.

GE Vernova 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.