Versant Capital Management Inc cut its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 18.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,675 shares of the company's stock after selling 840 shares during the quarter. Versant Capital Management Inc's holdings in GE Vernova were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. MRP Capital Investments LLC bought a new stake in shares of GE Vernova in the fourth quarter worth about $25,000. Fairway Wealth LLC grew its holdings in shares of GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the period. Pineridge Advisors LLC raised its position in shares of GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after acquiring an additional 69 shares in the last quarter. Navigoe LLC purchased a new position in shares of GE Vernova in the 4th quarter valued at approximately $27,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of GE Vernova during the fourth quarter valued at approximately $28,000.
GE Vernova Price Performance
Shares of NYSE:GEV traded up $0.39 during midday trading on Friday, hitting $471.56. The company had a trading volume of 5,090,753 shares, compared to its average volume of 3,348,350. The company has a market cap of $128.71 billion and a price-to-earnings ratio of 84.81. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $489.13. The company has a fifty day moving average of $371.84 and a two-hundred day moving average of $355.23.
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 the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova's revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.47) EPS. Research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.
GE Vernova Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. GE Vernova's payout ratio is presently 14.41%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Robert W. Baird lifted their price target on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Truist Financial set a $440.00 price target on GE Vernova in a research report on Thursday, March 27th. Barclays boosted their price target on GE Vernova from $427.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday. Baird R W raised GE Vernova to a "strong-buy" rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets boosted their price target on GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $385.78.
View Our Latest Research Report on GEV
About GE Vernova
(
Free Report)
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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