GE Vernova Inc. (NYSE:GEV) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lessened its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 24.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,115 shares of the company's stock after selling 2,335 shares during the quarter. Keeley Teton Advisors LLC's holdings in GE Vernova were worth $2,340,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jump Financial LLC grew its holdings in GE Vernova by 308.1% during the 4th quarter. Jump Financial LLC now owns 33,873 shares of the company's stock worth $11,142,000 after acquiring an additional 25,572 shares in the last quarter. Bridgewater Associates LP grew its stake in shares of GE Vernova by 588.5% during the fourth quarter. Bridgewater Associates LP now owns 241,220 shares of the company's stock worth $79,344,000 after purchasing an additional 206,184 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of GE Vernova during the fourth quarter worth $1,704,000. Guggenheim Capital LLC increased its holdings in GE Vernova by 63.5% in the fourth quarter. Guggenheim Capital LLC now owns 6,077 shares of the company's stock valued at $1,999,000 after buying an additional 2,361 shares during the last quarter. Finally, Chiron Investment Management LLC acquired a new stake in GE Vernova in the fourth quarter valued at $2,004,000.

GE Vernova Trading Down 3.5 %

Shares of GE Vernova stock traded down $11.38 during trading hours on Monday, reaching $312.17. The stock had a trading volume of 890,420 shares, compared to its average volume of 3,352,946. The firm has a market capitalization of $85.33 billion and a price-to-earnings ratio of 56.15. GE Vernova Inc. has a 1 year low of $132.11 and a 1 year high of $447.50. The firm has a 50 day simple moving average of $321.67 and a two-hundred day simple moving average of $330.67.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share (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. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is presently 17.99%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GEV shares. Robert W. Baird lowered their price objective on GE Vernova from $448.00 to $387.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Baird R W raised GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. CICC Research began coverage on shares of GE Vernova in a report on Wednesday, February 19th. They set an "outperform" rating on the stock. Bank of America upped their target price on shares of GE Vernova from $380.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Marathon Capitl upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and an average price target of $357.13.

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.