Rockefeller Capital Management L.P. lessened its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 27.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 282,893 shares of the company's stock after selling 106,495 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.10% of GE Vernova worth $93,052,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Register Financial Advisors LLC purchased a new position in GE Vernova during the 4th quarter worth $206,000. GPS Wealth Strategies Group LLC increased its stake in shares of GE Vernova by 1,126.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock valued at $294,000 after buying an additional 822 shares during the period. Yarbrough Capital LLC increased its stake in shares of GE Vernova by 67.2% during the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after buying an additional 1,160 shares during the period. Legacy Bridge LLC raised its holdings in shares of GE Vernova by 77.0% in the fourth 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 in the last quarter. Finally, CENTRAL TRUST Co lifted its stake in 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 acquiring an additional 1,408 shares during the period.
Analysts Set New Price Targets
Several research firms have recently commented on GEV. Susquehanna started coverage on shares of GE Vernova in a report on Wednesday, April 2nd. They issued a "positive" rating and a $370.00 price target for the company. Royal Bank of Canada lowered their target price on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Truist Financial set a $440.00 target price on GE Vernova in a research report on Thursday, March 27th. BMO Capital Markets reduced their price target 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, William Blair reiterated an "outperform" rating on shares of GE Vernova in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $343.66.
View Our Latest Research Report on GE Vernova
GE Vernova Trading Up 2.0 %
GEV traded up $6.42 during midday trading on Tuesday, hitting $328.72. 1,631,055 shares of the company were exchanged, compared to its average volume of 3,394,140. The company's 50 day simple moving average is $325.81 and its 200 day simple moving average is $328.68. The firm has a market capitalization of $89.85 billion and a price-to-earnings ratio of 59.12. 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 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 company had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.
GE Vernova Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, April 17th. GE Vernova's dividend payout ratio is currently 17.99%.
GE Vernova Company Profile
(
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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