World Investment Advisors Sells 965 Shares of GE Vernova Inc. (NYSE:GEV)

World Investment Advisors lessened its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 31.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,131 shares of the company's stock after selling 965 shares during the period. World Investment Advisors' holdings in GE Vernova were worth $650,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MRP Capital Investments LLC bought a new position in GE Vernova in the fourth quarter worth approximately $25,000. Fairway Wealth LLC raised its stake in GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after buying an additional 55 shares in the last quarter. Navigoe LLC bought a new position in GE Vernova in the fourth quarter worth approximately $27,000. EQ Wealth Advisors LLC bought a new position in GE Vernova in the first quarter worth approximately $27,000. Finally, Clarity Asset Management Inc. bought a new position in GE Vernova in the fourth quarter worth approximately $28,000.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $530.09 on Wednesday. The firm has a 50-day simple moving average of $467.60 and a two-hundred day simple moving average of $385.87. The company has a market cap of $144.68 billion, a P/E ratio of 76.38, a price-to-earnings-growth ratio of 4.08 and a beta of 1.86. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $537.22.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the firm earned ($0.47) EPS. The company's revenue for the quarter was up 10.6% on a year-over-year basis. Equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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 given a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Glj Research assumed coverage on shares of GE Vernova in a report on Monday, June 23rd. They issued a "buy" rating on the stock. Guggenheim reaffirmed a "buy" rating and issued a $380.00 price target on shares of GE Vernova in a report on Thursday, April 24th. Royal Bank Of Canada dropped their price objective on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Finally, Citigroup dropped their price objective on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $450.13.

About GE Vernova

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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