Altshuler Shaham Ltd Cuts Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Altshuler Shaham Ltd cut its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,377 shares of the company's stock after selling 1,212 shares during the period. GE Vernova makes up approximately 0.3% of Altshuler Shaham Ltd's investment portfolio, making the stock its 20th largest holding. Altshuler Shaham Ltd's holdings in GE Vernova were worth $10,321,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GEV. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova in the 4th quarter valued at approximately $25,000. Cedar Mountain Advisors LLC increased its holdings in shares of GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after purchasing an additional 39 shares during the last quarter. Fairway Wealth LLC raised its stake in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. Pineridge Advisors LLC increased its stake in shares of GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after buying an additional 69 shares during the period. Finally, Pinpoint Asset Management Ltd acquired a new stake in GE Vernova during the 4th quarter valued at approximately $30,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research analyst reports. BMO Capital Markets cut their target price on GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, February 13th. CICC Research assumed coverage on GE Vernova in a research note on Wednesday, February 19th. They issued an "outperform" rating for the company. Royal Bank of Canada lowered their target price on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. dropped their price target on GE Vernova from $436.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus target price of $357.13.

GE Vernova Price Performance

Shares of GE Vernova stock traded up $16.25 on Tuesday, reaching $329.33. The company had a trading volume of 1,131,036 shares, compared to its average volume of 3,350,825. The firm has a market cap of $90.02 billion and a price-to-earnings ratio of 59.21. The firm's 50-day moving average price is $320.53 and its two-hundred day moving average price is $331.00. GE Vernova Inc. has a 1 year low of $132.11 and a 1 year high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.57). The firm had revenue of $10.56 billion during the quarter, compared to analysts' expectations of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova's quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.30%. The ex-dividend date is Thursday, April 17th. GE Vernova's payout ratio is 17.99%.

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.