GE Vernova Inc. (NYSE:GEV) Shares Sold by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. lessened its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 16.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,509 shares of the company's stock after selling 3,476 shares during the period. GE Vernova makes up about 4.3% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 7th biggest holding. Andrew Hill Investment Advisors Inc.'s holdings in GE Vernova were worth $5,759,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova in the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC boosted its holdings in GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after purchasing an additional 39 shares during the last quarter. Fairway Wealth LLC grew its position in GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Pineridge Advisors LLC increased its stake in 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 during the last quarter. Finally, Pinpoint Asset Management Ltd bought a new stake in GE Vernova during the 4th quarter worth about $30,000.

Analysts Set New Price Targets

GEV has been the topic of several analyst reports. William Blair reiterated an "outperform" rating on shares of GE Vernova in a report on Thursday, January 23rd. BMO Capital Markets decreased their target price on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Robert W. Baird assumed coverage on shares of GE Vernova in a research report on Thursday, February 13th. They set an "outperform" rating and a $448.00 price target on the stock. New Street Research set a $380.00 price objective on shares of GE Vernova in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group boosted their price target on GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and an average price target of $348.80.

GE Vernova Price Performance

NYSE GEV traded up $2.28 during mid-day trading on Monday, reaching $323.71. 1,154,505 shares of the stock were exchanged, compared to its average volume of 3,397,371. The stock has a market cap of $88.48 billion and a P/E ratio of 58.22. GE Vernova Inc. has a one year low of $128.25 and a one year high of $447.50. The stock has a 50 day simple moving average of $326.73 and a 200-day simple moving average of $328.18.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). The business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova's revenue was up 5.1% on a year-over-year basis. Sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared 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 0.31%. The ex-dividend date is Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is presently 17.99%.

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.