30,000 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,000 shares of the company’s stock, valued at approximately $9,868,000. GE Vernova accounts for about 0.7% of Wolf Hill Capital Management LP’s holdings, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MRP Capital Investments LLC acquired a new position in shares of GE Vernova during the 4th quarter valued at $25,000. Cedar Mountain Advisors LLC lifted its stake in shares of GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock worth $25,000 after purchasing an additional 39 shares in the last quarter. Fairway Wealth LLC boosted its position in shares of GE Vernova by 220.0% in the fourth 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 raised 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 valued at $27,000 after buying an additional 69 shares during the period. Finally, Pinpoint Asset Management Ltd acquired a new position in GE Vernova during the 4th quarter worth approximately $30,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. New Street Research set a $380.00 target price on shares of GE Vernova in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on GE Vernova from $436.00 to $425.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. CICC Research began coverage on GE Vernova in a report on Wednesday, February 19th. They issued an “outperform” rating for the company. Barclays dropped their price objective on GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, William Blair reissued an “outperform” rating on shares of GE Vernova in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $357.13.

GE Vernova Price Performance

GEV opened at $312.92 on Tuesday. The stock’s 50 day moving average price is $320.53 and its 200 day moving average price is $331.00. The stock has a market cap of $85.54 billion and a P/E ratio of 56.28. GE Vernova Inc. has a 12 month low of $132.11 and a 12 month high of $447.50.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The business had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. GE Vernova’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s dividend payout ratio (DPR) is presently 17.99%.

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.