Bridgefront Capital LLC Has $526,000 Stake in GE Vernova Inc. (NYSE:GEV)

Bridgefront Capital LLC boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 43.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,598 shares of the company’s stock after buying an additional 487 shares during the period. Bridgefront Capital LLC’s holdings in GE Vernova were worth $526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GEV. World Investment Advisors LLC lifted its stake in shares of GE Vernova by 41.4% in the 3rd quarter. World Investment Advisors LLC now owns 2,876 shares of the company’s stock valued at $733,000 after purchasing an additional 842 shares during the period. Tidal Investments LLC lifted its stake in GE Vernova by 5.4% in the third quarter. Tidal Investments LLC now owns 7,271 shares of the company’s stock valued at $1,854,000 after buying an additional 374 shares during the period. Principal Financial Group Inc. boosted its holdings in GE Vernova by 2.2% during the third quarter. Principal Financial Group Inc. now owns 577,284 shares of the company’s stock worth $147,196,000 after buying an additional 12,323 shares during the last quarter. CWA Asset Management Group LLC grew its position in shares of GE Vernova by 15.3% during the 4th quarter. CWA Asset Management Group LLC now owns 1,338 shares of the company’s stock worth $440,000 after buying an additional 178 shares during the period. Finally, Canandaigua National Bank & Trust Co. increased its stake in shares of GE Vernova by 1.7% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 2,691 shares of the company’s stock valued at $885,000 after acquiring an additional 45 shares during the last quarter.

GE Vernova Trading Up 1.2 %

NYSE GEV opened at $401.06 on Tuesday. The company has a market cap of $109.46 billion and a PE ratio of 72.13. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $447.50. The stock has a 50 day moving average of $324.11 and a 200-day moving average of $338.05.

GE Vernova (NYSE:GEV) last announced its quarterly 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. The firm had revenue of $8.03 billion during 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%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.47) earnings per share. As a group, sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.25%. GE Vernova’s dividend payout ratio is 14.41%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Marathon Capitl raised shares of GE Vernova to a “strong-buy” rating in a research note on Friday, January 31st. Robert W. Baird boosted their price target on shares of GE Vernova from $387.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Truist Financial set a $440.00 price objective on GE Vernova in a research note on Thursday, March 27th. Jefferies Financial Group boosted their target price on GE Vernova from $391.00 to $413.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Finally, Bank of America raised their price target on GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $369.22.

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.