Ameritas Advisory Services LLC cut its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 37.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,473 shares of the company's stock after selling 1,501 shares during the quarter. Ameritas Advisory Services LLC's holdings in GE Vernova were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. MRP Capital Investments LLC bought a new stake in GE Vernova in the 4th quarter worth approximately $25,000. Fairway Wealth LLC boosted its stake in shares of GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after buying an additional 55 shares during the last quarter. Navigoe LLC bought a new stake in shares of GE Vernova in the fourth quarter worth $27,000. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova in the first quarter worth $27,000. Finally, Clarity Asset Management Inc. purchased a new stake in GE Vernova during the fourth quarter valued at $28,000.
GE Vernova Stock Performance
GEV stock opened at $504.82 on Thursday. The company's fifty day moving average price is $455.16 and its 200-day moving average price is $380.19. GE Vernova Inc. has a one year low of $150.01 and a one year high of $532.59. The company has a market capitalization of $137.78 billion, a PE ratio of 72.74, a price-to-earnings-growth ratio of 3.90 and a beta of 1.86.
GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The business had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the previous year, the company earned ($0.47) EPS. The business's quarterly revenue was up 10.6% compared to the same quarter last year. On average, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.
GE Vernova Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Monday, July 21st. GE Vernova's payout ratio is presently 14.41%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on GEV. TD Cowen cut their price target on GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and raised their price objective for the stock from $427.00 to $517.00 in a report on Thursday, May 29th. Royal Bank Of Canada cut their target price on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research report on Tuesday, March 18th. BMO Capital Markets increased their price target on shares of GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Finally, Barclays lifted their price target on shares of GE Vernova from $500.00 to $550.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $440.04.
Check Out Our Latest Stock Analysis on GEV
GE Vernova Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
