Tema Etfs LLC Buys Shares of 2,072 GE Vernova Inc. (NYSE:GEV)

Tema Etfs LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,072 shares of the company’s stock, valued at approximately $682,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hengehold Capital Management LLC increased its position in shares of GE Vernova by 2.4% during 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. Mutual Advisors LLC increased its position in shares of GE Vernova by 1.2% during 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. WASHINGTON TRUST Co increased its position in shares of GE Vernova by 1.9% during 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. Kovack Advisors Inc. increased its position in shares of GE Vernova by 1.0% during the fourth quarter. Kovack Advisors Inc. now owns 3,167 shares of the company’s stock worth $1,042,000 after acquiring an additional 31 shares during the period. Finally, NewSquare Capital LLC increased its position in shares of GE Vernova by 32.4% during the fourth quarter. NewSquare Capital LLC now owns 139 shares of the company’s stock worth $46,000 after acquiring an additional 34 shares during the period.

GE Vernova Price Performance

NYSE GEV opened at $428.63 on Friday. The company has a fifty day moving average of $344.05 and a two-hundred day moving average of $345.63. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $447.50. The company has a market capitalization of $116.99 billion and a PE ratio of 77.09.

GE Vernova (NYSE:GEV) last announced 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 business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.56 billion. During the same period in the prior year, the company earned ($0.47) earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. On average, research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. GE Vernova’s payout ratio is 14.41%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays cut their price objective on GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. New Street Research set a $380.00 price objective on GE Vernova in a research report on Wednesday, March 5th. BMO Capital Markets cut their price objective on GE Vernova from $471.00 to $420.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Morgan Stanley reiterated an “overweight” rating and set a $422.00 target price (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Finally, Truist Financial set a $440.00 target price on shares of GE Vernova in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $374.62.

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.