Sivia Capital Partners LLC Purchases 615 Shares of GE Vernova Inc. (NYSE:GEV)

Sivia Capital Partners LLC boosted its position in GE Vernova Inc. (NYSE:GEV) by 96.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,255 shares of the company’s stock after purchasing an additional 615 shares during the period. Sivia Capital Partners LLC’s holdings in GE Vernova were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. MRP Capital Investments LLC bought a new stake in GE Vernova in the fourth quarter worth about $25,000. Fairway Wealth LLC lifted its stake 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 during the last quarter. Pineridge Advisors LLC lifted its stake in GE Vernova by 530.8% in 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 last quarter. Navigoe LLC bought a new stake in GE Vernova in the fourth quarter worth about $27,000. Finally, Clarity Asset Management Inc. bought a new stake in GE Vernova in the fourth quarter worth about $28,000.

GE Vernova Trading Up 0.6%

NYSE GEV opened at $487.06 on Friday. The firm’s fifty day simple moving average is $389.72 and its two-hundred day simple moving average is $360.77. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $500.72. The firm has a market capitalization of $132.94 billion, a P/E ratio of 87.60, a P/E/G ratio of 3.03 and a beta of 1.97.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $7.56 billion. During the same period in the previous year, the company earned ($0.47) earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova’s dividend payout ratio is currently 14.41%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GEV. BMO Capital Markets lifted their price target on shares of GE Vernova from $381.00 to $522.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Citigroup decreased their price target 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. JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $430.00 to $460.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Finally, Robert W. Baird lifted their price target on shares of GE Vernova from $387.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $385.78.

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.