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

World Investment Advisors lowered its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 31.2% during the 1st quarter, according to its most recent Form 13F filing 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 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of GEV. Golden State Wealth Management LLC grew its position in GE Vernova by 201.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock worth $373,000 after purchasing an additional 817 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of GE Vernova by 79.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock valued at $67,622,000 after acquiring an additional 98,034 shares in the last quarter. Grandview Asset Management LLC grew its holdings in shares of GE Vernova by 48.8% during the 1st quarter. Grandview Asset Management LLC now owns 2,149 shares of the company's stock valued at $656,000 after acquiring an additional 705 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of GE Vernova during the 1st quarter valued at $328,000. Finally, GAMMA Investing LLC grew its holdings in shares of GE Vernova by 8.4% during the 1st quarter. GAMMA Investing LLC now owns 7,015 shares of the company's stock valued at $2,142,000 after acquiring an additional 542 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently commented on GEV. The Goldman Sachs Group boosted their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Wall Street Zen upgraded shares of GE Vernova from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. BMO Capital Markets boosted their price target on shares of GE Vernova from $522.00 to $590.00 and gave the company an "outperform" rating in a report on Tuesday. Citigroup lowered their price target 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. Finally, UBS Group assumed coverage on shares of GE Vernova in a report on Monday. They issued a "buy" rating and a $614.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $451.38.

GE Vernova Stock Performance

Shares of GEV traded down $0.41 during trading hours on Friday, reaching $538.95. 2,277,559 shares of the company traded hands, compared to its average volume of 3,315,690. The stock's fifty day moving average is $474.02 and its 200 day moving average is $388.24. The stock has a market cap of $147.10 billion, a P/E ratio of 77.66, a price-to-earnings-growth ratio of 4.13 and a beta of 1.86. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $546.36.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.47) earnings per share. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Monday, July 21st. GE Vernova's dividend payout ratio is currently 14.41%.

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.