Schonfeld Strategic Advisors LLC Sells 22,048 Shares of GE Vernova Inc. (NYSE:GEV)

Schonfeld Strategic Advisors LLC trimmed its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 91.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,119 shares of the company's stock after selling 22,048 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in GE Vernova were worth $697,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC grew its position in GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after buying an additional 39 shares in the last quarter. MRP Capital Investments LLC purchased a new stake in GE Vernova during the 4th quarter valued at about $25,000. Fairway Wealth LLC grew its holdings in shares of 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 purchasing an additional 55 shares during the last quarter. Pineridge Advisors LLC raised its stake in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after acquiring an additional 69 shares during the last quarter. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of GE Vernova in the fourth quarter worth about $30,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup dropped their price objective on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a report on Monday, April 14th. CICC Research started coverage on shares of GE Vernova in a report on Wednesday, February 19th. They issued an "outperform" rating on the stock. Bank of America raised their target price on shares of GE Vernova from $380.00 to $415.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Guggenheim reiterated a "buy" rating and set a $380.00 price target on shares of GE Vernova in a research report on Thursday, April 24th. Finally, Morgan Stanley restated an "overweight" rating and issued a $422.00 price objective (up from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $369.22.

GE Vernova Trading Up 4.0%

NYSE:GEV traded up $16.67 during mid-day trading on Tuesday, reaching $433.30. The company's stock had a trading volume of 4,767,429 shares, compared to its average volume of 3,314,476. The stock has a market cap of $118.26 billion and a P/E ratio of 77.93. The firm's fifty day moving average price is $332.32 and its two-hundred day moving average price is $342.20. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $447.50.

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, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the prior year, the business earned ($0.47) earnings per share. GE Vernova's revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.23%. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

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.