Clarity Capital Partners LLC Has $206,000 Stake in GE Vernova Inc. (NYSE:GEV)

Clarity Capital Partners LLC lowered its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 54.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 676 shares of the company's stock after selling 805 shares during the quarter. Clarity Capital Partners LLC's holdings in GE Vernova were worth $206,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of GEV. Norges Bank acquired a new position in GE Vernova in the fourth quarter worth $1,109,720,000. Capital International Investors boosted its stake in GE Vernova by 25.3% in the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company's stock worth $4,886,164,000 after purchasing an additional 2,994,660 shares in the last quarter. GAMMA Investing LLC boosted its stake in GE Vernova by 32,984.2% in the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after purchasing an additional 2,135,066 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in GE Vernova by 1,638.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock worth $432,309,000 after purchasing an additional 1,238,690 shares in the last quarter. Finally, FMR LLC boosted its stake in GE Vernova by 3.4% in the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after purchasing an additional 814,155 shares in the last quarter.

GE Vernova Stock Performance

NYSE:GEV traded up $12.28 on Friday, reaching $517.35. The company's stock had a trading volume of 1,809,150 shares, compared to its average volume of 3,313,458. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $532.59. The firm has a market cap of $141.20 billion, a PE ratio of 74.55, a PEG ratio of 3.98 and a beta of 1.86. The business's 50-day moving average price is $461.19 and its two-hundred day moving average price is $383.54.

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

GE Vernova Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on GEV shares. Guggenheim reissued a "buy" rating and issued a $380.00 price objective on shares of GE Vernova in a research note on Thursday, April 24th. Jefferies Financial Group downgraded GE Vernova from a "buy" rating to a "hold" rating and boosted their target price for the stock from $427.00 to $517.00 in a research report on Thursday, May 29th. Wolfe Research downgraded GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Glj Research assumed coverage on GE Vernova in a research report on Monday, June 23rd. They set a "buy" rating for the company. Finally, Barclays boosted their target price on GE Vernova from $500.00 to $550.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $440.04.

About GE Vernova

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.