GTS Securities LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 86.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,265 shares of the company's stock after selling 7,952 shares during the period. GTS Securities LLC's holdings in GE Vernova were worth $416,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEV. Breed s Hill Capital LLC purchased a new position in GE Vernova in the fourth quarter valued at about $326,000. Vise Technologies Inc. boosted its stake in GE Vernova by 46.8% during the 4th quarter. Vise Technologies Inc. now owns 3,274 shares of the company's stock valued at $1,077,000 after acquiring an additional 1,044 shares during the last quarter. Headinvest LLC grew its holdings in GE Vernova by 26.8% during the 4th quarter. Headinvest LLC now owns 1,165 shares of the company's stock worth $383,000 after acquiring an additional 246 shares in the last quarter. Gordian Capital Singapore Pte Ltd grew its holdings in GE Vernova by 5,800.0% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 590 shares of the company's stock worth $194,000 after acquiring an additional 580 shares in the last quarter. Finally, RB Capital Management LLC acquired a new stake in shares of GE Vernova in the 4th quarter valued at about $394,000.
GE Vernova Stock Performance
Shares of NYSE GEV traded up $0.39 during trading on Friday, reaching $471.56. The company had a trading volume of 5,090,753 shares, compared to its average volume of 3,348,350. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $489.13. The business's 50 day moving average price is $371.84 and its 200-day moving average price is $355.59. The stock has a market cap of $128.71 billion and a PE ratio of 84.81.
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 (EPS) for the quarter, beating 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 return on equity of 6.70% and a net margin of 4.44%. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.47) earnings per share. Equities analysts anticipate 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 was paid on Friday, May 16th. Investors of record on Friday, April 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.21%. GE Vernova's dividend payout ratio is currently 14.41%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Guggenheim reissued a "buy" rating and issued a $380.00 target price on shares of GE Vernova in a report on Thursday, April 24th. Johnson Rice started coverage on GE Vernova in a research note on Friday, February 7th. They issued a "buy" rating and a $425.00 price target for the company. Susquehanna reissued a "positive" rating and issued a $499.00 target price (up from $399.00) on shares of GE Vernova in a research report on Wednesday, May 14th. JPMorgan Chase & Co. increased 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. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus price target of $385.78.
Check Out Our Latest Stock Report on GEV
About GE Vernova
(
Free Report)
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.
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