Lakeside Advisors INC. Has $702,000 Holdings in GE Vernova Inc. (NYSE:GEV)

Lakeside Advisors INC. cut its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 18.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,300 shares of the company's stock after selling 522 shares during the quarter. Lakeside Advisors INC.'s holdings in GE Vernova were worth $702,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC lifted its stake in GE Vernova by 8.9% in the first quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock valued at $105,000 after acquiring an additional 28 shares during the last quarter. Fulcrum Equity Management lifted its stake in shares of GE Vernova by 3.6% in the fourth quarter. Fulcrum Equity Management now owns 886 shares of the company's stock worth $291,000 after buying an additional 31 shares during the last quarter. Dopkins Wealth Management LLC lifted its stake in shares of GE Vernova by 4.9% in the first quarter. Dopkins Wealth Management LLC now owns 668 shares of the company's stock worth $204,000 after buying an additional 31 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of GE Vernova by 1.7% in the first quarter. Rothschild Investment LLC now owns 1,965 shares of the company's stock worth $600,000 after buying an additional 33 shares during the last quarter. Finally, Johnson & White Wealth Management LLC lifted its stake in shares of GE Vernova by 3.7% in the first quarter. Johnson & White Wealth Management LLC now owns 929 shares of the company's stock worth $284,000 after buying an additional 33 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Susquehanna restated a "positive" rating and issued a $499.00 price objective (up from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. UBS Group assumed coverage on shares of GE Vernova in a research note on Monday, July 7th. They issued a "buy" rating and a $614.00 price objective for the company. Wall Street Zen upgraded shares of GE Vernova from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. TD Cowen reduced 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 note on Thursday, April 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $451.38.

GE Vernova Price Performance

Shares of GEV traded down $0.41 during trading hours on Friday, hitting $538.95. The stock had a trading volume of 2,285,780 shares, compared to its average volume of 3,318,687. The company's fifty day moving average is $476.87 and its two-hundred day moving average is $389.56. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $546.65. The stock has a market capitalization of $147.10 billion, a price-to-earnings ratio of 77.66, a P/E/G ratio of 4.15 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.54. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.47) EPS. Equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

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