GE Vernova Inc. (NYSE:GEV) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK lessened its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,540 shares of the company's stock after selling 48,788 shares during the period. Capital Advisors Inc. OK's holdings in GE Vernova were worth $36,798,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. MRP Capital Investments LLC purchased a new stake in GE Vernova in the 4th quarter worth approximately $25,000. Fairway Wealth LLC lifted its position in shares of GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after buying an additional 55 shares in the last quarter. Navigoe LLC purchased a new position in shares of GE Vernova during the 4th quarter valued at approximately $27,000. Clarity Asset Management Inc. purchased a new position in shares of GE Vernova during the 4th quarter valued at approximately $28,000. Finally, Orion Capital Management LLC purchased a new position in shares of GE Vernova during the 4th quarter valued at approximately $30,000.

GE Vernova Stock Up 0.7%

Shares of GEV traded up $3.63 during midday trading on Thursday, reaching $539.40. The company had a trading volume of 2,505,735 shares, compared to its average volume of 3,313,909. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $545.63. The stock has a market cap of $147.22 billion, a PE ratio of 77.72, a price-to-earnings-growth ratio of 4.08 and a beta of 1.86. The firm has a 50 day simple moving average of $470.87 and a 200-day simple moving average of $386.90.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The company's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned ($0.47) EPS. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Monday, July 21st. GE Vernova's payout ratio is 14.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GEV shares. BMO Capital Markets increased their target price on GE Vernova from $522.00 to $590.00 and gave the company an "outperform" rating in a research report on Tuesday. TD Cowen decreased their target price on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Bank of America increased their target price on GE Vernova from $520.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Guggenheim reiterated a "buy" rating and set a $380.00 target price on shares of GE Vernova in a research report on Thursday, April 24th. Finally, Citigroup decreased their target price on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and a consensus target price of $451.38.

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.