Coldstream Capital Management Inc. Boosts Holdings in GE Vernova Inc. (NYSE:GEV)

Coldstream Capital Management Inc. raised its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,029 shares of the company's stock after buying an additional 1,081 shares during the period. Coldstream Capital Management Inc.'s holdings in GE Vernova were worth $1,983,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Register Financial Advisors LLC purchased a new stake in GE Vernova in the fourth quarter worth about $206,000. GPS Wealth Strategies Group LLC grew its stake in shares of GE Vernova by 1,126.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock valued at $294,000 after acquiring an additional 822 shares during the period. Yarbrough Capital LLC increased its holdings in GE Vernova by 67.2% in the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock worth $949,000 after acquiring an additional 1,160 shares in the last quarter. Legacy Bridge LLC lifted its holdings in GE Vernova by 77.0% during the fourth 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 in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of GE Vernova by 16.6% in the fourth quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock worth $3,247,000 after purchasing an additional 1,408 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on GEV shares. New Street Research set a $380.00 price objective on shares of GE Vernova in a research report on Wednesday, March 5th. Robert W. Baird raised their price target on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday. Susquehanna boosted their price objective on GE Vernova from $370.00 to $399.00 and gave the company a "positive" rating in a research report on Thursday. BMO Capital Markets cut their target price on GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $422.00 price target (up from $400.00) on shares of GE Vernova in a report on Thursday. Six 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $369.22.

GE Vernova Price Performance

GEV stock opened at $372.62 on Monday. GE Vernova Inc. has a 12 month low of $149.42 and a 12 month high of $447.50. The firm's 50-day moving average is $318.90 and its 200 day moving average is $333.37. The company has a market capitalization of $101.85 billion and a PE ratio of 67.02.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.46. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. Sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. GE Vernova's dividend payout ratio is currently 14.41%.

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.

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