GE Vernova Inc. (NYSE:GEV) Shares Sold by SFE Investment Counsel

SFE Investment Counsel reduced its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 14.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,779 shares of the company's stock after selling 1,135 shares during the period. SFE Investment Counsel's holdings in GE Vernova were worth $2,069,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Navigoe LLC acquired a new position in GE Vernova in the 4th quarter worth about $27,000. EQ Wealth Advisors LLC purchased a new position in shares of GE Vernova in the 1st quarter worth approximately $27,000. IMA Advisory Services Inc. bought a new position in GE Vernova during the first quarter valued at about $27,000. Clarity Asset Management Inc. bought a new stake in shares of GE Vernova in the 4th quarter worth approximately $28,000. Finally, Pinpoint Asset Management Ltd bought a new stake in GE Vernova during the 4th quarter valued at $30,000.

GE Vernova Stock Up 3.3%

GEV traded up $20.63 on Friday, hitting $644.60. The company had a trading volume of 3,598,352 shares, compared to its average volume of 3,205,434. The company has a market cap of $175.47 billion, a PE ratio of 128.65, a PEG ratio of 4.66 and a beta of 1.86. The business's fifty day simple moving average is $506.49 and its 200 day simple moving average is $404.16. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $651.22.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same period in the prior year, the firm posted $4.65 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's payout ratio is 14.41%.

Analyst Upgrades and Downgrades

GEV has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday. Barclays boosted their price target on GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a report on Thursday. Seaport Res Ptn upgraded GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. Citigroup upped their target price on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Bank of America boosted their target price on shares of GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $540.96.

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.