Bragg Financial Advisors Inc Decreases Stock Position in GE Vernova Inc. (NYSE:GEV)

Bragg Financial Advisors Inc reduced its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 25.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,759 shares of the company's stock after selling 2,306 shares during the period. Bragg Financial Advisors Inc's holdings in GE Vernova were worth $2,223,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

GEV has been the subject of several research reports. Bank of America increased their price objective on shares of GE Vernova from $380.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Citigroup reduced their price target on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Robert W. Baird cut their target price on shares of GE Vernova from $448.00 to $387.00 and set an "outperform" rating on the stock in a research report on Tuesday. Barclays cut their price target on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, Johnson Rice initiated coverage on GE Vernova in a research report on Friday, February 7th. They set a "buy" rating and a $425.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $357.13.

GE Vernova Trading Down 1.6 %

Shares of NYSE:GEV traded down $5.36 during mid-day trading on Friday, hitting $322.81. 2,859,246 shares of the company traded hands, compared to its average volume of 3,367,032. The stock has a 50-day moving average price of $321.67 and a two-hundred day moving average price of $329.61. GE Vernova Inc. has a 12-month low of $132.11 and a 12-month high of $447.50. The stock has a market cap of $88.24 billion and a P/E ratio of 58.06.

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

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. GE Vernova's dividend payout ratio (DPR) is currently 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.