Bank of Montreal Can Sells 45,582 Shares of GE Vernova Inc. (NYSE:GEV)

Bank of Montreal Can lessened its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 10.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 399,825 shares of the company's stock after selling 45,582 shares during the period. Bank of Montreal Can owned 0.15% of GE Vernova worth $131,514,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Cerity Partners LLC lifted its position in GE Vernova by 3.1% during the fourth quarter. Cerity Partners LLC now owns 55,200 shares of the company's stock valued at $17,290,000 after purchasing an additional 1,667 shares during the last quarter. FMR LLC increased its stake in 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 acquiring an additional 814,155 shares during the last quarter. Federated Hermes Inc. raised its position in GE Vernova by 160.5% during the fourth quarter. Federated Hermes Inc. now owns 567,468 shares of the company's stock valued at $186,657,000 after purchasing an additional 349,659 shares in the last quarter. Waterloo Capital L.P. bought a new stake in GE Vernova during the fourth quarter worth about $375,000. Finally, Darden Wealth Group Inc purchased a new position in shares of GE Vernova in the 4th quarter worth about $380,000.

Analysts Set New Price Targets

GEV has been the topic of a number of research reports. Barclays decreased their price objective on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Baird R W upgraded shares of GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. The Goldman Sachs Group increased their target price on shares of GE Vernova from $446.00 to $500.00 and gave the company a "buy" rating in a report on Friday, January 24th. Citigroup boosted their price target on shares of GE Vernova from $361.00 to $437.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Finally, New Street Research set a $380.00 price objective on GE Vernova in a research note on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $348.80.

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GE Vernova Trading Up 2.5 %

GEV traded up $7.79 during trading on Friday, reaching $317.74. The stock had a trading volume of 1,255,761 shares, compared to its average volume of 3,409,325. The company has a market capitalization of $86.85 billion and a price-to-earnings ratio of 57.05. The stock's 50 day moving average is $327.44 and its two-hundred day moving average is $327.19. GE Vernova Inc. has a one year low of $128.25 and a one year high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last announced 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). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $10.56 billion during the quarter, compared to analysts' expectations of $10.70 billion. The business's revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Thursday, April 17th. GE Vernova's payout ratio is 17.99%.

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.