Sagefield Capital LP Has $14.14 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Sagefield Capital LP reduced its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 57.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,986 shares of the company's stock after selling 57,222 shares during the period. GE Vernova comprises about 1.6% of Sagefield Capital LP's investment portfolio, making the stock its 16th biggest position. Sagefield Capital LP's holdings in GE Vernova were worth $14,139,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Oak Thistle LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth approximately $398,000. Park Avenue Securities LLC increased its holdings in shares of GE Vernova by 9.2% during the fourth quarter. Park Avenue Securities LLC now owns 8,744 shares of the company's stock worth $2,876,000 after buying an additional 735 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of GE Vernova by 62.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 347 shares of the company's stock worth $114,000 after buying an additional 134 shares in the last quarter. HCR Wealth Advisors acquired a new stake in shares of GE Vernova during the fourth quarter worth approximately $262,000. Finally, Essex Savings Bank acquired a new stake in shares of GE Vernova during the fourth quarter worth approximately $235,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. New Street Research set a $380.00 target price on shares of GE Vernova in a research report on Wednesday, March 5th. Citigroup cut 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. Jefferies Financial Group raised their price objective on shares of GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a report on Friday. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and a consensus target price of $374.62.

GE Vernova Stock Performance

GE Vernova stock traded up $2.76 during mid-day trading on Tuesday, reaching $449.36. The company's stock had a trading volume of 2,745,624 shares, compared to its average volume of 3,323,739. The company has a market capitalization of $122.65 billion and a price-to-earnings ratio of 80.82. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $451.24. The business's 50 day simple moving average is $347.00 and its 200 day simple moving average is $346.95.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share 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 the consensus estimate of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.47) earnings per share. As a group, sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. GE Vernova's dividend payout ratio is presently 14.41%.

GE Vernova Company 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.