Nwam LLC Decreases Holdings in GE Vernova Inc. (NYSE:GEV)

Nwam LLC reduced its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,737 shares of the company's stock after selling 1,354 shares during the quarter. Nwam LLC's holdings in GE Vernova were worth $2,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GEV. MRP Capital Investments LLC acquired a new position in shares of GE Vernova during the 4th quarter worth $25,000. Navigoe LLC purchased a new stake in GE Vernova during the 4th quarter worth $27,000. Clarity Asset Management Inc. acquired a new stake in GE Vernova in the fourth quarter valued at $28,000. Orion Capital Management LLC bought a new stake in shares of GE Vernova during the 4th quarter valued at about $30,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova during the first quarter valued at $27,000.

GE Vernova Stock Performance

NYSE:GEV traded down $2.48 on Monday, reaching $571.87. The company's stock had a trading volume of 1,222,524 shares, compared to its average volume of 3,664,251. The firm has a market cap of $156.08 billion, a PE ratio of 82.40, a PEG ratio of 4.33 and a beta of 1.86. The business's 50-day moving average price is $493.30 and its two-hundred day moving average price is $398.31. 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 posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter last year, the company earned ($0.47) EPS. The company's revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.17%. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

Analyst Ratings Changes

A number of brokerages have weighed in on GEV. Wall Street Zen raised shares of GE Vernova from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Truist Financial set a $440.00 price objective on shares of GE Vernova in a research report on Thursday, March 27th. Bank of America raised their price objective on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a report on Thursday. BMO Capital Markets increased their price objective on shares of GE Vernova from $522.00 to $590.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Finally, Citigroup restated a "neutral" rating and set a $544.00 price objective (up previously from $354.00) on shares of GE Vernova in a report on Monday, July 14th. Seven investment 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $468.88.

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.