Andrew Hill Investment Advisors Inc. Sells 13,563 Shares of GE Vernova Inc. (NYSE:GEV)

Andrew Hill Investment Advisors Inc. cut its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 77.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,946 shares of the company's stock after selling 13,563 shares during the quarter. GE Vernova comprises 1.2% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 29th biggest position. Andrew Hill Investment Advisors Inc.'s holdings in GE Vernova were worth $1,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GEV. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova during 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 valued at $26,000 after buying an additional 55 shares during the last quarter. Pineridge Advisors LLC grew its holdings in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after buying an additional 69 shares during the last quarter. Navigoe LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth $27,000. Finally, Clarity Asset Management Inc. acquired a new stake in shares of GE Vernova during the fourth quarter worth $28,000.

Analyst Ratings Changes

GEV has been the subject of several research analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a research report on Thursday, April 24th. Jefferies Financial Group cut GE Vernova from a "buy" rating to a "hold" rating and boosted their target price for the stock from $427.00 to $517.00 in a report on Thursday. Barclays upped their target price on shares of GE Vernova from $427.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday. Johnson Rice assumed coverage on GE Vernova in a research report on Friday, February 7th. They issued a "buy" rating and a $425.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $385.78.

GE Vernova Stock Up 2.6%

Shares of NYSE:GEV traded up $12.44 on Monday, reaching $485.42. The company had a trading volume of 2,512,110 shares, compared to its average volume of 3,344,971. The stock has a 50-day moving average price of $371.84 and a 200 day moving average price of $355.59. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $489.13. The stock has a market capitalization of $132.49 billion and a P/E ratio of 87.31.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the company earned ($0.47) EPS. The company's revenue for the quarter was up 10.6% on a year-over-year basis. On average, 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 business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.21%. GE Vernova's dividend payout ratio (DPR) 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.