GE Vernova Inc. (NYSE:GEV) Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC lessened its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 18.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,784 shares of the company's stock after selling 11,827 shares during the quarter. GE Vernova makes up approximately 1.0% of Moody Lynn & Lieberson LLC's holdings, making the stock its 29th biggest holding. Moody Lynn & Lieberson LLC's holdings in GE Vernova were worth $15,503,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

GEV has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of GE Vernova from $520.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. TD Cowen lowered their price objective on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and boosted their price objective for the company from $427.00 to $517.00 in a research report on Thursday, May 29th. Finally, Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $440.04.

GE Vernova Price Performance

Shares of GE Vernova stock traded up $12.28 on Friday, hitting $517.35. The company had a trading volume of 1,809,150 shares, compared to its average volume of 3,306,722. The business has a 50-day simple moving average of $458.30 and a 200-day simple moving average of $381.43. The company has a market cap of $141.20 billion, a PE ratio of 74.55, a PEG ratio of 3.89 and a beta of 1.86. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $532.59.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The business's revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted ($0.47) earnings per share. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.19%. The ex-dividend date is Monday, July 21st. GE Vernova's dividend payout ratio is presently 14.41%.

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.