Quaero Capital S.A. Trims Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Quaero Capital S.A. decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 21.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,216 shares of the company's stock after selling 1,385 shares during the quarter. GE Vernova accounts for approximately 2.3% of Quaero Capital S.A.'s portfolio, making the stock its 13th largest position. Quaero Capital S.A.'s holdings in GE Vernova were worth $1,592,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MRP Capital Investments LLC bought a new stake in GE Vernova during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC increased its holdings in shares of GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after buying an additional 55 shares during the last quarter. Navigoe LLC purchased a new stake in shares of GE Vernova during the 4th quarter valued at $27,000. Clarity Asset Management Inc. bought a new stake in shares of GE Vernova during the 4th quarter worth $28,000. Finally, Orion Capital Management LLC bought a new stake in shares of GE Vernova during the 4th quarter worth $30,000.

GE Vernova Stock Performance

Shares of NYSE GEV traded up $13.75 during trading hours on Friday, hitting $520.56. The company's stock had a trading volume of 9,147,914 shares, compared to its average volume of 3,289,887. The business has a 50-day simple moving average of $439.93 and a 200-day simple moving average of $375.18. The stock has a market cap of $142.08 billion, a price-to-earnings ratio of 75.01, a P/E/G ratio of 3.90 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 announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 10.10% and a net margin of 5.42%. The firm's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.47) earnings per share. On average, equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Monday, July 21st. GE Vernova's dividend payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GEV shares. Royal Bank Of Canada reduced their target price on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Robert W. Baird increased their price objective on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Morgan Stanley boosted their target price on GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a research report on Tuesday. Susquehanna reaffirmed a "positive" rating and issued a $499.00 target price (up previously from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $429.13.

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.