GE Vernova Inc. (NYSE:GEV) Holdings Trimmed by International Assets Investment Management LLC

International Assets Investment Management LLC cut its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 14.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,284 shares of the company's stock after selling 534 shares during the period. International Assets Investment Management LLC's holdings in GE Vernova were worth $1,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. MRP Capital Investments LLC purchased a new position in shares of GE Vernova during the fourth quarter worth about $25,000. Fairway Wealth LLC grew its holdings in shares of 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 during the last quarter. Navigoe LLC purchased a new position in shares of GE Vernova during the fourth quarter worth about $27,000. Clarity Asset Management Inc. purchased a new position in shares of GE Vernova during the fourth quarter worth about $28,000. Finally, Orion Capital Management LLC purchased a new position in shares of GE Vernova during the fourth quarter worth about $30,000.

GE Vernova Stock Performance

Shares of GEV traded up $13.75 during mid-day trading on Friday, reaching $520.56. 9,147,914 shares of the company's stock traded hands, compared to its average volume of 3,292,886. The business's 50-day moving average price is $439.93 and its 200-day moving average price is $375.18. The stock has a market capitalization of $142.08 billion, a P/E ratio of 136.98, a price-to-earnings-growth ratio of 3.94 and a beta of 1.97. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $532.52.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. The company 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 business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.47) earnings per share. Equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on GEV. Morgan Stanley raised their price objective on GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a report on Tuesday. Glj Research began coverage on GE Vernova in a report on Monday. They set a "buy" rating on the stock. Wolfe Research lowered GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Citigroup dropped their price objective on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank Of Canada lowered their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Eight research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $429.13.

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.