Venture Visionary Partners LLC Sells 4,127 Shares of GE Vernova Inc. $GEV

Key Points

• Venture Visionary Partners LLC has reduced its stake in GE Vernova Inc. by 47.8%, selling 4,127 shares and retaining 4,515 shares valued at about $1.38 million.
• Analysts have recently given GE Vernova an average rating of Moderate Buy, with price targets ranging from $560.21 to $706.00.
• GE Vernova announced a quarterly dividend of $0.25 per share, leading to an annualized dividend of $1.00 and a yield of 0.2%.

Venture Visionary Partners LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 47.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,515 shares of the company's stock after selling 4,127 shares during the period. Venture Visionary Partners LLC's holdings in GE Vernova were worth $1,378,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEV. Brighton Jones LLC increased its stake in GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after acquiring an additional 753 shares during the period. American Assets Inc. bought a new position in GE Vernova during the fourth quarter valued at about $658,000. First Trust Advisors LP increased its stake in GE Vernova by 12.6% during the fourth quarter. First Trust Advisors LP now owns 174,149 shares of the company's stock valued at $57,283,000 after acquiring an additional 19,531 shares during the period. MML Investors Services LLC increased its stake in GE Vernova by 0.4% during the fourth quarter. MML Investors Services LLC now owns 30,528 shares of the company's stock valued at $10,042,000 after acquiring an additional 110 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in GE Vernova by 191.9% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the company's stock valued at $36,000 after acquiring an additional 71 shares during the period.

Analyst Ratings Changes

Several brokerages recently issued reports on GEV. Barclays boosted their price target on GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Wells Fargo & Company lifted their price objective on GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Guggenheim downgraded GE Vernova from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Wolfe Research downgraded GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Finally, Robert W. Baird lifted their price objective on GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $560.21.

GE Vernova Price Performance

Shares of GEV opened at $604.8590 on Thursday. The company has a market capitalization of $164.65 billion, a P/E ratio of 145.75, a PEG ratio of 4.17 and a beta of 1.90. GE Vernova Inc. has a one year low of $173.07 and a one year high of $677.29. The business's 50 day simple moving average is $571.62 and its 200-day simple moving average is $437.96.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. 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 announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's payout ratio is presently 24.10%.

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.

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