GE Vernova Inc. $GEV Shares Sold by Diversified Trust Co.

Key Points

• Diversified Trust Co. trimmed its position in GE Vernova by 25.3%, selling 3,541 shares in Q4 and leaving 10,464 shares valued at $6.84 million.
• GE Vernova reported a blowout quarter, with EPS of $13.39 versus $2.99 expected and revenue of $10.96 billion (vs. $10.21B), yielding a 12.83% net margin and 46.91% ROE.
• Company actions and sentiment: management declared a $0.50 quarterly dividend (annualized $2.00, yield 0.2%, ex-dividend Mar 17), and analysts hold a "Moderate Buy" consensus with an average price target of $837.25.

Diversified Trust Co. trimmed its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 25.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,464 shares of the company's stock after selling 3,541 shares during the period. Diversified Trust Co.'s holdings in GE Vernova were worth $6,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEV. Northwest Wealth Management LLC boosted its holdings in GE Vernova by 3.6% in the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company's stock worth $286,000 after purchasing an additional 16 shares during the period. Traphagen Investment Advisors LLC increased its stake in shares of GE Vernova by 1.2% in the third quarter. Traphagen Investment Advisors LLC now owns 1,418 shares of the company's stock valued at $872,000 after purchasing an additional 17 shares during the period. Navigoe LLC raised its holdings in shares of GE Vernova by 20.2% during the third quarter. Navigoe LLC now owns 101 shares of the company's stock valued at $62,000 after buying an additional 17 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of GE Vernova by 47.2% during the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company's stock worth $33,000 after buying an additional 17 shares during the period. Finally, Tritonpoint Wealth LLC grew its holdings in GE Vernova by 1.7% in the 3rd quarter. Tritonpoint Wealth LLC now owns 994 shares of the company's stock worth $611,000 after buying an additional 17 shares in the last quarter.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $882.66 on Tuesday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $920.63. The firm has a market cap of $237.90 billion, a P/E ratio of 49.59, a PEG ratio of 3.39 and a beta of 1.45. The stock has a fifty day moving average price of $784.19 and a two-hundred day moving average price of $674.79.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping analysts' consensus estimates of $2.99 by $10.40. The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.73 EPS. On average, research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be given a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova's payout ratio is 11.24%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GEV. Bank of America boosted their price target on GE Vernova from $725.00 to $804.00 and gave the stock a "buy" rating in a research report on Wednesday, December 10th. UBS Group reissued a "buy" rating on shares of GE Vernova in a report on Thursday, January 29th. William Blair restated an "outperform" rating on shares of GE Vernova in a research note on Wednesday, December 10th. Mizuho set a $714.00 price objective on shares of GE Vernova in a report on Tuesday, February 3rd. Finally, Weiss Ratings upgraded shares of GE Vernova from a "hold (c)" rating to a "buy (b-)" rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $837.25.

About GE Vernova

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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