Kathmere Capital Management LLC Has $256,000 Holdings in GE Vernova Inc. (NYSE:GEV)

Kathmere Capital Management LLC reduced its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 38.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 839 shares of the company's stock after selling 533 shares during the quarter. Kathmere Capital Management LLC's holdings in GE Vernova were worth $256,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GEV. Norges Bank bought a new stake in GE Vernova during the 4th quarter valued at approximately $1,109,720,000. Capital International Investors lifted its holdings in shares of GE Vernova by 25.3% during the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company's stock worth $4,886,164,000 after buying an additional 2,994,660 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of GE Vernova by 32,984.2% in the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock valued at $653,769,000 after acquiring an additional 2,135,066 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of GE Vernova by 1,638.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock worth $432,309,000 after acquiring an additional 1,238,690 shares during the last quarter. Finally, FMR LLC grew its stake in shares of GE Vernova by 3.4% in the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after acquiring an additional 814,155 shares during the last quarter.

GE Vernova Stock Performance

NYSE:GEV traded up $15.80 during trading hours on Monday, hitting $554.96. The stock had a trading volume of 2,469,640 shares, compared to its average volume of 3,723,405. The business's 50 day moving average is $476.87 and its 200-day moving average is $390.18. The company has a market cap of $151.46 billion, a price-to-earnings ratio of 79.96, a P/E/G ratio of 4.01 and a beta of 1.86. GE Vernova Inc. has a one year low of $150.01 and a one year high of $555.86.

GE Vernova (NYSE:GEV - Get Free Report) last announced 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. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the business earned ($0.47) EPS. The firm's revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a $0.25 dividend. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. GE Vernova's dividend payout ratio (DPR) is currently 14.41%.

Analysts Set New Price Targets

Several equities analysts recently commented on GEV shares. Royal Bank Of Canada cut their target price on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. UBS Group assumed coverage on shares of GE Vernova in a research report on Monday, July 7th. They set a "buy" rating and a $614.00 price objective for the company. Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a research report on Thursday. BMO Capital Markets upped their price target on GE Vernova from $522.00 to $590.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Finally, Wolfe Research downgraded GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $459.29.

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.