Lighthouse Investment Partners LLC Buys Shares of 4,540 GE Vernova Inc. (NYSE:GEV)

Lighthouse Investment Partners LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,540 shares of the company’s stock, valued at approximately $1,493,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in GE Vernova during the 4th quarter worth approximately $1,109,720,000. Capital International Investors increased its holdings in GE Vernova by 25.3% in the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company’s stock valued at $4,886,164,000 after buying an additional 2,994,660 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of GE Vernova by 1,638.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company’s stock worth $432,309,000 after purchasing an additional 1,238,690 shares in the last quarter. FMR LLC increased its stake in shares of GE Vernova by 3.4% during the fourth quarter. FMR LLC now owns 24,861,833 shares of the company’s stock worth $8,177,803,000 after purchasing an additional 814,155 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of GE Vernova by 148.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,155,183 shares of the company’s stock worth $379,974,000 after purchasing an additional 690,513 shares in the last quarter.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $433.30 on Wednesday. The company has a market capitalization of $118.26 billion and a P/E ratio of 77.93. The company’s fifty day moving average is $335.14 and its two-hundred day moving average is $342.83. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $447.50.

GE Vernova (NYSE:GEV) last issued its 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. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the previous year, the firm earned ($0.47) earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Thursday, April 17th. GE Vernova’s dividend payout ratio (DPR) is 14.41%.

Analyst Ratings Changes

GEV has been the subject of several research reports. TD Cowen dropped their price objective on shares of GE Vernova from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $422.00 price objective (up from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Johnson Rice assumed coverage on shares of GE Vernova in a report on Friday, February 7th. They set a “buy” rating and a $425.00 target price on the stock. CICC Research assumed coverage on shares of GE Vernova in a report on Wednesday, February 19th. They set an “outperform” rating on the stock. Finally, Truist Financial set a $440.00 price objective on shares of GE Vernova in a report on Thursday, March 27th. Six 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $369.22.

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.