Brevan Howard Capital Management LP Purchases 7,411 Shares of GE Vernova Inc. (NYSE:GEV)

Brevan Howard Capital Management LP increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 272.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,134 shares of the company’s stock after purchasing an additional 7,411 shares during the period. Brevan Howard Capital Management LP’s holdings in GE Vernova were worth $3,333,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. MRP Capital Investments LLC acquired a new position in shares of GE Vernova in the 4th quarter valued at $25,000. Cedar Mountain Advisors LLC increased its stake in GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after acquiring an additional 39 shares during the period. Fairway Wealth LLC raised its position in 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 purchasing an additional 55 shares in the last quarter. Pineridge Advisors LLC lifted its stake in GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 69 shares during the period. Finally, Navigoe LLC acquired a new stake in GE Vernova during the fourth quarter valued at approximately $27,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. BMO Capital Markets lowered their price target on GE Vernova from $471.00 to $420.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Guggenheim reiterated a “buy” rating and set a $380.00 target price on shares of GE Vernova in a research report on Thursday, April 24th. Jefferies Financial Group boosted their price target on shares of GE Vernova from $391.00 to $413.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 23rd. Finally, Johnson Rice began coverage on shares of GE Vernova in a research note on Friday, February 7th. They issued a “buy” rating and a $425.00 target price for the company. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $369.22.

GE Vernova Stock Up 1.2 %

NYSE:GEV opened at $401.06 on Tuesday. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $447.50. The stock’s fifty day simple moving average is $324.11 and its 200-day simple moving average is $338.05. The firm has a market capitalization of $109.46 billion and a P/E ratio of 72.13.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned ($0.47) earnings per share. As a group, equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.25%. The ex-dividend date is Thursday, April 17th. GE Vernova’s payout ratio is presently 14.41%.

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.