818 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by DSG Capital Advisors LLC

DSG Capital Advisors LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 818 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. MRP Capital Investments LLC bought a new stake in shares of GE Vernova during the 4th quarter worth about $25,000. Fairway Wealth LLC boosted its holdings in shares of GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock worth $26,000 after buying an additional 55 shares during the period. Pineridge Advisors LLC boosted its holdings in shares of GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after buying an additional 69 shares during the period. Navigoe LLC bought a new stake in shares of GE Vernova during the 4th quarter worth about $27,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of GE Vernova during the 4th quarter worth about $28,000.

Analysts Set New Price Targets

Several analysts recently commented on GEV shares. Citigroup reduced their target price on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Jefferies Financial Group lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $430.00 to $460.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Morgan Stanley reiterated an “overweight” rating and issued a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Finally, New Street Research set a $380.00 price objective on shares of GE Vernova in a research note on Wednesday, March 5th. 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $374.62.

GE Vernova Price Performance

GEV stock opened at $485.83 on Thursday. The company has a 50 day simple moving average of $366.57 and a 200 day simple moving average of $353.37. The stock has a market cap of $132.60 billion and a price-to-earnings ratio of 87.38. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $502.03.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.54. The business 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 firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.47) EPS. On average, equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova’s dividend payout ratio is 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.