Gladstone Capital Management LLP Reduces Holdings in GE Vernova Inc. (NYSE:GEV)

Gladstone Capital Management LLP reduced its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 94.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,011 shares of the company's stock after selling 255,764 shares during the period. GE Vernova comprises about 0.4% of Gladstone Capital Management LLP's holdings, making the stock its 18th largest position. Gladstone Capital Management LLP's holdings in GE Vernova were worth $4,609,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC acquired a new position in GE Vernova during the 4th quarter valued at $206,000. GPS Wealth Strategies Group LLC increased its holdings 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 worth $294,000 after buying an additional 822 shares in the last quarter. Yarbrough Capital LLC raised its holdings in shares of GE Vernova by 67.2% in 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 last quarter. Legacy Bridge LLC lifted its position in shares of GE Vernova by 77.0% during the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock worth $3,612,000 after purchasing an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of GE Vernova by 16.6% in the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after buying an additional 1,408 shares during the period.

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Analyst Upgrades and Downgrades

GEV has been the subject of several research analyst reports. BMO Capital Markets decreased their price target on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Wells Fargo & Company increased their price target on shares of GE Vernova from $385.00 to $411.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. reduced their price objective on GE Vernova from $436.00 to $425.00 and set an "overweight" rating for the company in a report on Thursday. Barclays dropped their target price on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, Truist Financial set a $440.00 price target on shares of GE Vernova in a report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $348.80.

GE Vernova Stock Performance

GEV stock traded down $17.05 during midday trading on Thursday, reaching $309.76. 2,444,937 shares of the company's stock traded hands, compared to its average volume of 4,268,649. The company has a 50-day moving average price of $328.44 and a two-hundred day moving average price of $326.80. The firm has a market capitalization of $84.67 billion and a PE ratio of 55.71. GE Vernova Inc. has a 52 week low of $128.25 and a 52 week high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.57). The company had revenue of $10.56 billion during the quarter, compared to analysts' expectations of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is presently 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.