Gotham Asset Management LLC cut its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,442 shares of the company's stock after selling 1,911 shares during the period. Gotham Asset Management LLC's holdings in GE Vernova were worth $3,435,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Brookstone Capital Management raised its holdings in GE Vernova by 10.2% during the fourth quarter. Brookstone Capital Management now owns 4,923 shares of the company's stock worth $1,619,000 after purchasing an additional 457 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in shares of GE Vernova by 34.5% in the fourth quarter. Capital Investment Advisors LLC now owns 2,999 shares of the company's stock valued at $987,000 after buying an additional 769 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of GE Vernova by 11.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 1,905 shares of the company's stock valued at $627,000 after buying an additional 194 shares in the last quarter. AdvisorNet Financial Inc grew its position in GE Vernova by 1.6% during the 4th quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company's stock worth $611,000 after purchasing an additional 30 shares in the last quarter. Finally, Marcum Wealth LLC purchased a new position in GE Vernova during the 4th quarter worth approximately $291,000.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Marathon Capitl upgraded shares of GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Truist Financial set a $440.00 price objective on shares of GE Vernova in a research report on Thursday, March 27th. Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, February 13th. Guggenheim reaffirmed a "buy" rating and set a $380.00 price objective on shares of GE Vernova in a research note on Thursday, April 24th. Finally, BMO Capital Markets decreased their price target on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and an average target price of $374.62.
Get Our Latest Stock Report on GE Vernova
GE Vernova Stock Up 0.4%
GEV traded up $1.66 during trading on Friday, reaching $428.63. The company's stock had a trading volume of 2,595,385 shares, compared to its average volume of 3,320,423. The company has a market cap of $116.99 billion and a price-to-earnings ratio of 77.09. The firm has a fifty day simple moving average of $344.05 and a two-hundred day simple moving average of $345.63. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $447.50.
GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company 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 posted ($0.47) earnings per share. GE Vernova's revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.
GE Vernova Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were issued 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 0.23%. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.
GE Vernova Profile
(
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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