Janus Henderson Group PLC Boosts Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Janus Henderson Group PLC raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 0.4% during the fourth quarter, HoldingsChannel reports. The firm owned 33,013 shares of the company’s stock after purchasing an additional 132 shares during the period. Janus Henderson Group PLC’s holdings in GE Vernova were worth $10,867,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC boosted its holdings in shares of GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after buying an additional 39 shares in the last quarter. MRP Capital Investments LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at about $25,000. Fairway Wealth LLC boosted its holdings in shares of GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after buying an additional 55 shares in the last quarter. Pineridge Advisors LLC boosted its holdings in shares of GE Vernova by 530.8% in 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 in the last quarter. Finally, Navigoe LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at about $27,000.

GE Vernova Price Performance

NYSE:GEV opened at $428.63 on Friday. The firm has a market cap of $116.99 billion and a price-to-earnings ratio of 77.09. The company has a 50 day moving average price of $344.05 and a 200-day moving average price of $345.30. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50.

GE Vernova (NYSE:GEV) last posted 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. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.47) EPS. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GEV. William Blair restated an “outperform” rating on shares of GE Vernova in a report on Thursday, January 23rd. Citigroup lowered their target price on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. CICC Research began coverage on shares of GE Vernova in a research note on Wednesday, February 19th. They issued an “outperform” rating for the company. Susquehanna reiterated a “positive” rating and issued a $499.00 target price (up from $399.00) on shares of GE Vernova in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their target price on shares of GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $374.62.

GE Vernova 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.