GE Vernova Inc. (NYSE:GEV) Shares Sold by Hoertkorn Richard Charles

Hoertkorn Richard Charles decreased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,927 shares of the company's stock after selling 613 shares during the period. GE Vernova comprises 2.4% of Hoertkorn Richard Charles' portfolio, making the stock its 14th largest holding. Hoertkorn Richard Charles' holdings in GE Vernova were worth $5,167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at about $25,000. Fairway Wealth LLC lifted its stake in shares of 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 purchasing an additional 55 shares during the period. Navigoe LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at about $27,000. EQ Wealth Advisors LLC acquired a new stake in shares of GE Vernova in the first quarter valued at about $27,000. Finally, Clarity Asset Management Inc. acquired a new position in GE Vernova during the fourth quarter worth about $28,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Guggenheim reissued a "buy" rating and set a $380.00 price objective on shares of GE Vernova in a research note on Thursday, April 24th. Jefferies Financial Group cut 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 research note on Thursday, May 29th. JPMorgan Chase & Co. raised their price objective on shares of GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, TD Cowen cut their price objective on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $429.13.

GE Vernova Trading Up 2.7%

GEV traded up $13.75 during trading on Friday, hitting $520.56. 9,147,914 shares of the company's stock were exchanged, compared to its average volume of 3,290,915. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $532.59. The stock has a 50 day moving average price of $443.89 and a 200 day moving average price of $376.74. The firm has a market cap of $142.08 billion, a P/E ratio of 140.45, a price-to-earnings-growth ratio of 4.03 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (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 company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the previous year, the firm earned ($0.47) earnings per share. GE Vernova's revenue for the quarter was up 10.6% on a year-over-year basis. Analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio is presently 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.