GE Vernova Inc. (NYSE:GEV) Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC lessened its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 26.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,372 shares of the company's stock after selling 505 shares during the quarter. Hunter Associates Investment Management LLC's holdings in GE Vernova were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GEV. MRP Capital Investments LLC purchased a new stake in GE Vernova in the 4th quarter worth approximately $25,000. Navigoe LLC purchased a new position in shares of GE Vernova during the 4th quarter valued at approximately $27,000. EQ Wealth Advisors LLC purchased a new position in shares of GE Vernova during the 1st quarter valued at approximately $27,000. Clarity Asset Management Inc. purchased a new position in shares of GE Vernova during the 4th quarter valued at approximately $28,000. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of GE Vernova during the 4th quarter valued at approximately $30,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GEV. Wall Street Zen upgraded GE Vernova from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Glj Research began coverage on GE Vernova in a research report on Monday, June 23rd. They set a "buy" rating on the stock. TD Cowen decreased their target price on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Wolfe Research downgraded GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Finally, The Goldman Sachs Group increased their price objective on GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $451.38.

GE Vernova Stock Down 0.1%

GEV stock traded down $0.41 during mid-day trading on Friday, hitting $538.95. 2,285,780 shares of the company were exchanged, compared to its average volume of 3,318,687. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $546.65. The firm has a market capitalization of $147.10 billion, a P/E ratio of 77.66, a PEG ratio of 4.15 and a beta of 1.86. The business has a fifty day simple moving average of $476.87 and a 200-day simple moving average of $389.56.

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

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be issued a $0.25 dividend. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. GE Vernova's dividend payout ratio is presently 14.41%.

GE Vernova 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.