Westwood Holdings Group Inc. Reduces Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Key Points

• Westwood Holdings Group Inc. has reduced its stake in GE Vernova Inc. by 47.0%, holding 7,363 shares worth approximately $2.25 million after selling 6,524 shares in the first quarter.
• In addition to Westwood, several institutional investors have increased their holdings in GE Vernova during the same period, indicating noteworthy investor interest in the company.
• GE Vernova has reported a strong quarterly performance with an EPS of $1.86 and revenue of $9.11 billion, beating analyst expectations; it also announced a quarterly dividend of $0.25.

Westwood Holdings Group Inc. lowered its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 47.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,363 shares of the company's stock after selling 6,524 shares during the quarter. Westwood Holdings Group Inc.'s holdings in GE Vernova were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of GEV. Westover Capital Advisors LLC grew its stake in shares of GE Vernova by 2.3% in the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock valued at $345,000 after purchasing an additional 25 shares during the last quarter. Stonebridge Financial Group LLC grew its position in GE Vernova by 8.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock valued at $105,000 after buying an additional 28 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in GE Vernova by 0.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock valued at $2,598,000 after buying an additional 30 shares during the period. Fulcrum Equity Management raised its position in GE Vernova by 3.6% during the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company's stock worth $291,000 after buying an additional 31 shares during the last quarter. Finally, Dopkins Wealth Management LLC lifted its stake in shares of GE Vernova by 4.9% in the 1st quarter. Dopkins Wealth Management LLC now owns 668 shares of the company's stock worth $204,000 after acquiring an additional 31 shares during the period.

GE Vernova Price Performance

NYSE:GEV opened at $663.81 on Thursday. The firm has a 50-day moving average of $541.50 and a two-hundred day moving average of $421.27. The stock has a market cap of $180.70 billion, a P/E ratio of 159.95, a PEG ratio of 4.49 and a beta of 1.90. GE Vernova Inc. has a 1-year low of $164.69 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter in the prior year, the business posted $4.65 earnings per share. GE Vernova's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, July 21st. GE Vernova's payout ratio is 24.10%.

Analyst Ratings Changes

GEV has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Wolfe Research cut shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. TD Cowen raised their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a research note on Friday, July 25th. UBS Group started coverage on shares of GE Vernova in a research report on Monday, July 7th. They set a "buy" rating and a $614.00 target price on the stock. Finally, Susquehanna boosted their price target on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $560.21.

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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