751 Shares in GE Vernova Inc. $GEV Acquired by Marco Investment Management LLC

Marco Investment Management LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 751 shares of the company’s stock, valued at approximately $491,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. RFG Advisory LLC increased its holdings in GE Vernova by 2.1% in the 4th quarter. RFG Advisory LLC now owns 634 shares of the company’s stock worth $414,000 after buying an additional 13 shares during the period. Voisard Asset Management Group Inc. increased its holdings in GE Vernova by 2.7% in the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock worth $376,000 after buying an additional 15 shares during the period. Clean Yield Group increased its holdings in GE Vernova by 2.2% in the 4th quarter. Clean Yield Group now owns 685 shares of the company’s stock worth $448,000 after buying an additional 15 shares during the period. Sutton Place Investors LLC increased its holdings in GE Vernova by 3.1% in the 4th quarter. Sutton Place Investors LLC now owns 531 shares of the company’s stock worth $347,000 after buying an additional 16 shares during the period. Finally, Washburn Capital Management Inc. increased its holdings in GE Vernova by 0.3% in the 4th quarter. Washburn Capital Management Inc. now owns 4,735 shares of the company’s stock worth $3,095,000 after buying an additional 16 shares during the period.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research reports. Morgan Stanley increased their price target on shares of GE Vernova from $817.00 to $960.00 and gave the stock an “overweight” rating in a report on Monday, March 23rd. Susquehanna set a $1,300.00 price target on shares of GE Vernova in a report on Thursday, April 23rd. Guggenheim increased their price target on shares of GE Vernova from $910.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Erste Group Bank upgraded shares of GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,328.00 price objective on shares of GE Vernova in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,090.76.

GE Vernova Price Performance

Shares of NYSE GEV opened at $1,040.75 on Friday. The stock has a market capitalization of $279.67 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 3.90 and a beta of 1.51. GE Vernova Inc. has a 12 month low of $387.03 and a 12 month high of $1,181.95. The firm’s 50 day simple moving average is $933.83 and its 200-day simple moving average is $755.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The business had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. Analysts expect that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is presently 5.83%.

GE Vernova Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.