FIL Ltd Decreases Position in GE Vernova Inc. (NYSE:GEV)

FIL Ltd decreased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 96.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,704 shares of the company's stock after selling 54,157 shares during the period. FIL Ltd's holdings in GE Vernova were worth $560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cedar Mountain Advisors LLC raised its stake in shares of GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after buying an additional 39 shares during the period. MRP Capital Investments LLC bought a new stake in GE Vernova in the 4th quarter valued at about $25,000. Fairway Wealth LLC lifted its holdings in GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Pineridge Advisors LLC boosted its position in GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after purchasing an additional 69 shares during the period. Finally, Pinpoint Asset Management Ltd bought a new position in GE Vernova during the fourth quarter worth about $30,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GEV. Guggenheim upgraded shares of GE Vernova from a "neutral" rating to a "buy" rating and set a $380.00 price target on the stock in a research note on Wednesday, March 5th. BMO Capital Markets lowered their target price on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a report on Thursday, January 23rd. Citigroup lifted their price target on GE Vernova from $361.00 to $437.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Finally, Marathon Capitl raised GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $348.80.

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GE Vernova Trading Up 3.6 %

Shares of NYSE GEV opened at $320.99 on Monday. The stock has a market cap of $87.74 billion and a price-to-earnings ratio of 57.73. The stock's 50-day moving average is $326.73 and its 200 day moving average is $328.18. GE Vernova Inc. has a 1-year low of $128.25 and a 1-year high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly 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 return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $10.56 billion for the quarter, compared to analysts' expectations of $10.70 billion. GE Vernova's revenue was up 5.1% compared to the same quarter last year. On average, analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be given 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 payout ratio is 17.99%.

GE Vernova 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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