Stratos Wealth Partners LTD. Sells 976 Shares of GE Vernova Inc. (NYSE:GEV)

Stratos Wealth Partners LTD. lowered its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 15.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,518 shares of the company's stock after selling 976 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in GE Vernova were worth $1,685,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Values First Advisors Inc. grew its stake in shares of GE Vernova by 75.6% during the 1st quarter. Values First Advisors Inc. now owns 3,422 shares of the company's stock worth $1,044,000 after acquiring an additional 1,473 shares in the last quarter. Stratos Investment Management LLC bought a new position in shares of GE Vernova during the 1st quarter worth approximately $885,000. Brown Advisory Inc. grew its stake in shares of GE Vernova by 1.7% during the 1st quarter. Brown Advisory Inc. now owns 34,677 shares of the company's stock worth $10,586,000 after acquiring an additional 574 shares in the last quarter. Alpha Cubed Investments LLC bought a new position in shares of GE Vernova during the 1st quarter worth approximately $371,000. Finally, Capital Management Associates Inc bought a new position in shares of GE Vernova during the 1st quarter worth approximately $351,000.

GE Vernova Price Performance

Shares of GE Vernova stock traded up $14.32 during trading on Monday, reaching $553.48. 1,266,452 shares of the stock traded hands, compared to its average volume of 3,317,620. The company has a market capitalization of $151.06 billion, a price-to-earnings ratio of 79.76, a P/E/G ratio of 4.01 and a beta of 1.86. The business has a fifty day simple moving average of $476.87 and a two-hundred day simple moving average of $390.18. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $554.02.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter last year, the firm earned ($0.47) EPS. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of GE Vernova from $522.00 to $590.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. UBS Group assumed coverage on shares of GE Vernova in a research note on Monday, July 7th. They issued a "buy" rating and a $614.00 target price for the company. Robert W. Baird raised their target price on shares of GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Citigroup decreased their target price on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $451.38.

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.