GE Vernova Inc. (NYSE:GEV) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 67.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,005 shares of the company's stock after selling 70,665 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in GE Vernova were worth $10,380,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GEV shares. The Goldman Sachs Group lifted their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. TD Cowen dropped their target price on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on shares of GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Morgan Stanley reaffirmed an "overweight" rating and issued a $422.00 price target (up from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Finally, Bank of America boosted their price objective on GE Vernova from $520.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Eight equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $404.56.

GE Vernova Trading Up 1.9%

NYSE GEV traded up $9.24 during trading hours on Monday, reaching $487.69. The company had a trading volume of 2,130,046 shares, compared to its average volume of 3,276,696. The stock has a market capitalization of $133.11 billion, a P/E ratio of 87.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.97. The stock has a 50-day moving average of $408.13 and a 200 day moving average of $365.83. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $500.72.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.47) EPS. As a group, sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova's dividend payout ratio is currently 14.41%.

GE Vernova Company 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.