GE Vernova Inc. (NYSE:GEV) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,389 shares of the company's stock after selling 1,356 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in GE Vernova were worth $1,116,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GEV. MRP Capital Investments LLC purchased a new stake in GE Vernova during the fourth quarter worth $25,000. Fairway Wealth LLC boosted its position in GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Pineridge Advisors LLC boosted its position in 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 purchasing an additional 69 shares in the last quarter. Navigoe LLC purchased a new stake in GE Vernova during the fourth quarter worth $27,000. Finally, Clarity Asset Management Inc. purchased a new stake in GE Vernova during the fourth quarter worth $28,000.

GE Vernova Trading Up 0.1%

NYSE:GEV traded up $0.39 on Friday, hitting $471.56. 5,090,753 shares of the stock were exchanged, compared to its average volume of 3,356,777. The stock has a market cap of $128.71 billion and a PE ratio of 84.81. The stock has a fifty day moving average of $371.84 and a 200-day moving average of $355.23. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $489.13.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm's revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.47) earnings per share. As a group, analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were paid a dividend of $0.25 per share. 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 is presently 14.41%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GEV. Morgan Stanley reissued an "overweight" rating and issued a $422.00 price target (up from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Royal Bank of Canada cut their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. BMO Capital Markets boosted their price target on GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a report on Friday. Robert W. Baird boosted their price target on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Guggenheim reissued a "buy" rating and issued a $380.00 price target on shares of GE Vernova in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $385.78.

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.