Dimensional Fund Advisors LP Reduces Holdings in GE Vernova Inc. (NYSE:GEV)

Dimensional Fund Advisors LP lessened its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 621,768 shares of the company's stock after selling 64,488 shares during the period. Dimensional Fund Advisors LP owned 0.23% of GE Vernova worth $204,524,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in GE Vernova during the 4th quarter worth about $1,109,720,000. Capital International Investors boosted its stake in shares of GE Vernova by 25.3% during the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock worth $4,886,164,000 after purchasing an additional 2,994,660 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of GE Vernova by 1,638.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock worth $432,309,000 after buying an additional 1,238,690 shares in the last quarter. FMR LLC raised its position in shares of 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 buying an additional 814,155 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of GE Vernova during the fourth quarter valued at approximately $219,187,000.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $326.94 on Wednesday. The firm has a market cap of $89.37 billion and a price-to-earnings ratio of 58.80. GE Vernova Inc. has a 1 year low of $137.87 and a 1 year high of $447.50. The stock's 50-day simple moving average is $319.66 and its 200-day simple moving average is $330.98.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share (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 company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. The firm's revenue was up 5.1% compared to the same quarter last year. As a group, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.31%. GE Vernova's dividend payout ratio (DPR) is 17.99%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Truist Financial set a $440.00 price objective on GE Vernova in a research report on Thursday, March 27th. Johnson Rice started coverage on GE Vernova in a research report on Friday, February 7th. They set a "buy" rating and a $425.00 target price on the stock. BMO Capital Markets lowered their price target on GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Finally, Robert W. Baird cut their price objective on shares of GE Vernova from $448.00 to $387.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Six 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $365.54.

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.

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