GE Vernova Inc. (NYSE:GEV) Shares Sold by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC reduced its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 39.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,241 shares of the company's stock after selling 2,120 shares during the period. Consilium Wealth Advisory LLC's holdings in GE Vernova were worth $989,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. grew its stake in shares of GE Vernova by 29.0% during the fourth quarter. Principal Securities Inc. now owns 1,892 shares of the company's stock valued at $622,000 after acquiring an additional 425 shares in the last quarter. O Neil Global Advisors Inc. purchased a new position in GE Vernova in the fourth quarter valued at about $2,064,000. Axiom Investors LLC DE acquired a new stake in GE Vernova during the 4th quarter valued at approximately $123,157,000. Private Advisor Group LLC grew its stake in GE Vernova by 34.2% during the 4th quarter. Private Advisor Group LLC now owns 26,971 shares of the company's stock valued at $8,872,000 after purchasing an additional 6,873 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in GE Vernova by 104.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,661 shares of the company's stock worth $2,644,000 after purchasing an additional 4,429 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GEV shares. Royal Bank Of Canada cut their target price 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. Wolfe Research cut shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Jefferies Financial Group lowered 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. Robert W. Baird boosted their target price on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Citigroup reduced their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and a consensus target price of $404.56.

GE Vernova Stock Up 0.3%

NYSE GEV traded up $1.46 on Wednesday, hitting $490.12. The stock had a trading volume of 2,239,101 shares, compared to its average volume of 3,269,642. The company's 50-day moving average is $415.39 and its two-hundred day moving average is $367.75. GE Vernova Inc. has a one year low of $150.01 and a one year high of $500.72. The stock has a market cap of $133.77 billion, a price-to-earnings ratio of 70.62, a P/E/G ratio of 3.79 and a beta of 1.97.

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

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova's dividend 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.