Victrix Investment Advisors Acquires Shares of 1,185 GE Vernova Inc. (NYSE:GEV)

Victrix Investment Advisors acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,185 shares of the company’s stock, valued at approximately $390,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Westwood Holdings Group Inc. boosted its position in GE Vernova by 216.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 13,887 shares of the company’s stock valued at $4,568,000 after buying an additional 9,505 shares during the period. St. Clair Advisors LLC bought a new position in shares of GE Vernova during the fourth quarter valued at about $229,000. Two Sigma Advisers LP purchased a new stake in shares of GE Vernova during the fourth quarter worth about $17,729,000. Tidal Investments LLC boosted its holdings in shares of GE Vernova by 701.7% during the fourth quarter. Tidal Investments LLC now owns 58,294 shares of the company’s stock worth $19,175,000 after purchasing an additional 51,023 shares during the period. Finally, True Wealth Design LLC grew its stake in shares of GE Vernova by 117.7% in the fourth quarter. True Wealth Design LLC now owns 135 shares of the company’s stock worth $44,000 after purchasing an additional 73 shares during the last quarter.

GE Vernova Stock Up 0.4%

GEV stock opened at $428.63 on Monday. The business has a 50 day moving average of $344.05 and a 200 day moving average of $345.94. The firm has a market cap of $116.99 billion and a PE ratio of 77.09. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $447.50.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned ($0.47) earnings per share. On average, research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their price target on GE Vernova from $471.00 to $420.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Guggenheim restated a “buy” rating and set a $380.00 target price on shares of GE Vernova in a report on Thursday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Citigroup reduced their price objective on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada dropped their target price on shares of GE Vernova from $453.00 to $445.00 and set an “outperform” rating for the company in a research report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price of $374.62.

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.