Yaupon Capital Management LP Sells 22,757 Shares of GE Vernova Inc. (NYSE:GEV)

Yaupon Capital Management LP trimmed its stake in GE Vernova Inc. (NYSE:GEV) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,390 shares of the company’s stock after selling 22,757 shares during the period. Yaupon Capital Management LP’s holdings in GE Vernova were worth $15,917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GEV. Howard Capital Management Group LLC purchased a new stake in GE Vernova during the third quarter valued at about $213,000. Virtu Financial LLC bought a new stake in GE Vernova during the 3rd quarter valued at $1,481,000. Westside Investment Management Inc. grew its holdings in GE Vernova by 24.0% in the 3rd quarter. Westside Investment Management Inc. now owns 362 shares of the company’s stock worth $92,000 after acquiring an additional 70 shares during the last quarter. Fulcrum Equity Management purchased a new position in GE Vernova during the 3rd quarter valued at about $218,000. Finally, World Investment Advisors LLC lifted its holdings in GE Vernova by 41.4% in the 3rd quarter. World Investment Advisors LLC now owns 2,876 shares of the company’s stock worth $733,000 after buying an additional 842 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GEV shares. Johnson Rice assumed coverage on shares of GE Vernova in a report on Friday, February 7th. They issued a “buy” rating and a $425.00 price target on the stock. Robert W. Baird dropped their price target on GE Vernova from $448.00 to $387.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Bank of America increased their target price on GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. CICC Research initiated coverage on shares of GE Vernova in a research note on Wednesday, February 19th. They set an “outperform” rating for the company. Finally, Susquehanna started coverage on shares of GE Vernova in a research note on Wednesday, April 2nd. They issued a “positive” rating and a $370.00 target price on the stock. Seven 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $357.13.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $312.92 on Tuesday. GE Vernova Inc. has a 1 year low of $132.11 and a 1 year high of $447.50. The stock has a market cap of $85.54 billion and a price-to-earnings ratio of 56.28. The firm’s 50-day moving average is $320.53 and its two-hundred day moving average is $331.00.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.70 billion. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities 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 will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.32%. GE Vernova’s dividend payout ratio (DPR) is 17.99%.

GE Vernova Company 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.