Curi RMB Capital LLC trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 44.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,006 shares of the company's stock after selling 813 shares during the period. Curi RMB Capital LLC's holdings in GE Vernova were worth $331,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Register Financial Advisors LLC purchased a new stake in GE Vernova during the 4th quarter valued at about $206,000. GPS Wealth Strategies Group LLC boosted its holdings in 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 boosted its holdings in GE Vernova by 67.2% during the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after acquiring an additional 1,160 shares during the period. Legacy Bridge LLC boosted its holdings in GE Vernova by 77.0% during the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after acquiring an additional 4,776 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in GE Vernova by 16.6% during the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after acquiring an additional 1,408 shares during the period.
Analysts Set New Price Targets
Several brokerages recently weighed in on GEV. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Barclays dropped their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Robert W. Baird upped their price target on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research report on Thursday. Truist Financial set a $440.00 price target on GE Vernova in a research report on Thursday, March 27th. Finally, Citigroup lowered their price target on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Six equities research 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $369.22.
Get Our Latest Analysis on GE Vernova
GE Vernova Trading Up 3.4 %
NYSE:GEV traded up $12.13 during trading hours on Friday, reaching $372.62. 3,956,787 shares of the company traded hands, compared to its average volume of 3,355,503. The business's 50-day moving average price is $318.90 and its two-hundred day moving average price is $333.37. The stock has a market capitalization of $101.85 billion and a P/E ratio of 67.02. GE Vernova Inc. has a 1 year low of $149.42 and a 1 year high of $447.50.
GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.46. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. During the same quarter last year, the company earned ($0.47) EPS. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.
GE Vernova Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Thursday, April 17th. GE Vernova's payout ratio is 14.41%.
About GE Vernova
(
Free Report)
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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