Stifel Financial Corp Sells 1,770 Shares of GE Vernova Inc. (NYSE:GEV)

Stifel Financial Corp lessened its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,126 shares of the company's stock after selling 1,770 shares during the quarter. Stifel Financial Corp owned approximately 0.11% of GE Vernova worth $95,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GEV. Cedar Mountain Advisors LLC lifted its stake in 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 acquiring an additional 39 shares during the last quarter. MRP Capital Investments LLC acquired a new stake in GE Vernova in the 4th quarter valued at about $25,000. Fairway Wealth LLC grew its holdings in GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after purchasing an additional 55 shares during the period. Pineridge Advisors LLC increased 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 buying an additional 69 shares during the last quarter. Finally, Pinpoint Asset Management Ltd acquired a new position in GE Vernova during the fourth quarter worth approximately $30,000.

Analyst Ratings Changes

GEV has been the subject of several research analyst reports. Robert W. Baird lifted their target price on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research note on Thursday. Truist Financial set a $440.00 price target on GE Vernova in a report on Thursday, March 27th. CICC Research assumed coverage on shares of GE Vernova in a report on Wednesday, February 19th. They issued an "outperform" rating on the stock. Marathon Capitl upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Finally, Barclays decreased their price target on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $369.22.

GE Vernova Stock Performance

Shares of GE Vernova stock traded up $12.13 during midday trading on Friday, hitting $372.62. 3,956,787 shares of the company traded hands, compared to its average volume of 3,359,003. The firm's fifty day moving average price is $318.90 and its 200-day moving average price is $332.43. The stock has a market cap of $101.85 billion and a price-to-earnings ratio of 67.02. GE Vernova Inc. has a 12 month low of $149.42 and a 12 month 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 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. Equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company 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. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. GE Vernova's payout ratio is presently 14.41%.

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.