Grandfield & Dodd LLC Sells 15,459 Shares of GE Vernova Inc. (NYSE:GEV)

Grandfield & Dodd LLC decreased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 46.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,807 shares of the company's stock after selling 15,459 shares during the quarter. Grandfield & Dodd LLC's holdings in GE Vernova were worth $5,436,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth approximately $25,000. Navigoe LLC bought a new position in GE Vernova during the fourth quarter worth $27,000. EQ Wealth Advisors LLC bought a new position in GE Vernova during the first quarter worth $27,000. Clarity Asset Management Inc. bought a new position in GE Vernova during the fourth quarter worth $28,000. Finally, Pinpoint Asset Management Ltd bought a new position in GE Vernova during the fourth quarter worth $30,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on GE Vernova from $460.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wall Street Zen upgraded GE Vernova from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Morgan Stanley raised their target price on GE Vernova from $422.00 to $511.00 and gave the company an "overweight" rating in a research note on Tuesday, June 24th. Jefferies Financial Group cut GE Vernova from a "buy" rating to a "hold" rating and raised their target price for the company from $427.00 to $517.00 in a research note on Thursday, May 29th. Finally, Susquehanna reiterated a "positive" rating and issued a $499.00 target price (up from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $468.88.

GE Vernova Trading Up 0.9%

NYSE:GEV traded up $4.85 during mid-day trading on Friday, reaching $575.02. 2,051,713 shares of the stock were exchanged, compared to its average volume of 3,296,429. The business has a fifty day moving average price of $493.30 and a 200 day moving average price of $397.42. The firm has a market capitalization of $156.94 billion, a PE ratio of 82.86, a PEG ratio of 4.29 and a beta of 1.86. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $581.27.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results 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 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%. GE Vernova's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.47) EPS. On average, sell-side analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders 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 dividend on an annualized basis and a yield of 0.17%. GE Vernova's payout ratio is presently 14.41%.

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.