GE Vernova Inc. (NYSE:GEV) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,103 shares of the company's stock after selling 761 shares during the quarter. Brown Advisory Inc.'s holdings in GE Vernova were worth $11,218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in GE Vernova during the 4th quarter worth about $206,000. GPS Wealth Strategies Group LLC grew its holdings in GE Vernova by 1,126.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock worth $294,000 after acquiring an additional 822 shares during the period. Yarbrough Capital LLC lifted its holdings in GE Vernova by 67.2% in the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after acquiring an additional 1,160 shares during the period. Legacy Bridge LLC boosted its position in GE Vernova by 77.0% in the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock worth $3,612,000 after purchasing an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of GE Vernova by 16.6% during the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after purchasing an additional 1,408 shares in the last quarter.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Truist Financial set a $440.00 target price on GE Vernova in a research report on Thursday, March 27th. Susquehanna boosted their price target on shares of GE Vernova from $370.00 to $399.00 and gave the stock a "positive" rating in a report on Thursday, April 24th. Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of GE Vernova from $436.00 to $425.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Six research 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $369.22.

GE Vernova Price Performance

NYSE:GEV traded up $4.03 during trading hours on Friday, reaching $398.03. 2,383,020 shares of the company were exchanged, compared to its average volume of 3,314,932. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $447.50. The stock has a 50 day simple moving average of $330.33 and a 200 day simple moving average of $340.61. The firm has a market cap of $108.64 billion and a price-to-earnings ratio of 71.59.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter last year, the firm earned ($0.47) earnings per share. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova's payout ratio is currently 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.