GE Vernova Inc. (NYSE:GEV) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,017 shares of the company's stock after selling 2,601 shares during the quarter. OneDigital Investment Advisors LLC's holdings in GE Vernova were worth $1,650,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in GE Vernova in the fourth quarter valued at about $1,109,720,000. Capital International Investors grew its holdings in GE Vernova by 25.3% during the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock valued at $4,886,164,000 after buying an additional 2,994,660 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in GE Vernova by 1,638.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock worth $432,309,000 after purchasing an additional 1,238,690 shares in the last quarter. FMR LLC raised its position in shares of GE Vernova by 3.4% in the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock valued at $8,177,803,000 after buying an additional 814,155 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in GE Vernova in the 4th quarter valued at $219,187,000.

GE Vernova Trading Down 0.1 %

GE Vernova stock traded down $0.37 during mid-day trading on Tuesday, reaching $369.69. The company's stock had a trading volume of 1,122,425 shares, compared to its average volume of 3,345,306. GE Vernova Inc. has a twelve month low of $149.42 and a twelve month high of $447.50. The business has a 50 day moving average price of $318.79 and a 200-day moving average price of $334.09. The firm has a market cap of $100.90 billion and a price-to-earnings ratio of 66.50.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping 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 business had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the prior year, the firm earned ($0.47) EPS. The business's quarterly revenue was up 10.6% on a year-over-year basis. On average, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. GE Vernova's dividend payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GEV. Barclays dropped their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. BMO Capital Markets cut their price objective on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. CICC Research began coverage on shares of GE Vernova in a report on Wednesday, February 19th. They issued an "outperform" rating for the company. Robert W. Baird lifted their price target on shares of GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Susquehanna increased their target price on GE Vernova from $370.00 to $399.00 and gave the stock a "positive" rating in a research report on Thursday, April 24th. Six investment 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 company's stock. Based on data from MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus target price of $369.22.

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.