Sculptor Capital LP Sells 15,000 Shares of GE Vernova Inc. (NYSE:GEV)

Sculptor Capital LP reduced its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 134,000 shares of the company's stock after selling 15,000 shares during the quarter. Sculptor Capital LP's holdings in GE Vernova were worth $44,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at about $206,000. GPS Wealth Strategies Group LLC grew its position in shares of GE Vernova by 1,126.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock valued at $294,000 after purchasing an additional 822 shares during the period. Yarbrough Capital LLC grew its position in shares of GE Vernova by 67.2% in the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after purchasing an additional 1,160 shares during the period. Legacy Bridge LLC grew its position in shares of GE Vernova by 77.0% in the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after purchasing an additional 4,776 shares during the period. Finally, CENTRAL TRUST Co grew its position in shares of GE Vernova by 16.6% in the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after purchasing an additional 1,408 shares during the period.

GE Vernova Price Performance

GE Vernova stock traded up $2.76 during midday trading on Tuesday, hitting $449.36. The company's stock had a trading volume of 2,745,624 shares, compared to its average volume of 3,323,739. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $451.24. The company has a 50-day moving average price of $347.00 and a two-hundred day moving average price of $346.95. The company has a market cap of $122.65 billion and a price-to-earnings ratio of 80.82.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping 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 business had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the previous year, the company earned ($0.47) EPS. The business's revenue was up 10.6% on a year-over-year basis. Sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Thursday, April 17th. GE Vernova's payout ratio is currently 14.41%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GEV. Royal Bank of Canada decreased their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research report on Tuesday, March 18th. New Street Research set a $380.00 price target on GE Vernova in a research report on Wednesday, March 5th. Truist Financial set a $440.00 price target on GE Vernova in a research report on Thursday, March 27th. Johnson Rice began coverage on GE Vernova in a research report on Friday, February 7th. They set a "buy" rating and a $425.00 price target for the company. Finally, CICC Research began coverage on GE Vernova in a research report on Wednesday, February 19th. They set an "outperform" rating for the company. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $374.62.

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.