Teachers Retirement System of The State of Kentucky Sells 9,888 Shares of GE Vernova Inc. (NYSE:GEV)

Teachers Retirement System of The State of Kentucky lowered its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,563 shares of the company's stock after selling 9,888 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in GE Vernova were worth $14,988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Howard Capital Management Group LLC purchased a new stake in shares of GE Vernova during the 3rd quarter valued at approximately $213,000. Virtu Financial LLC purchased a new stake in shares of GE Vernova during the third quarter worth $1,481,000. Westside Investment Management Inc. boosted its holdings in shares of GE Vernova by 24.0% in the third quarter. Westside Investment Management Inc. now owns 362 shares of the company's stock worth $92,000 after acquiring an additional 70 shares during the period. Fulcrum Equity Management purchased a new position in shares of GE Vernova in the third quarter valued at $218,000. Finally, World Investment Advisors LLC raised its stake in shares of GE Vernova by 41.4% during the 3rd quarter. World Investment Advisors LLC now owns 2,876 shares of the company's stock valued at $733,000 after purchasing an additional 842 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Johnson Rice started coverage on shares of GE Vernova in a research report on Friday, February 7th. They issued a "buy" rating and a $425.00 price objective for the company. Marathon Capitl upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. The Goldman Sachs Group upped their price target on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Morgan Stanley reissued an "overweight" rating and set a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a research note on Thursday. Finally, Truist Financial set a $440.00 price target on GE Vernova in a research report on Thursday, March 27th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $369.22.

GE Vernova Stock Up 3.4 %

GEV traded up $12.13 during midday trading on Friday, reaching $372.62. The company had a trading volume of 3,956,787 shares, compared to its average volume of 3,369,790. GE Vernova Inc. has a 1 year low of $138.67 and a 1 year high of $447.50. The company has a market cap of $101.85 billion and a P/E ratio of 67.02. The business has a 50-day moving average of $318.90 and a two-hundred day moving average of $331.69.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the prior year, the company posted ($0.47) earnings per share. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. GE Vernova's dividend payout ratio is 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.