Stamos Capital Partners L.P. reduced its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 61.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,310 shares of the company's stock after selling 3,710 shares during the quarter. Stamos Capital Partners L.P.'s holdings in GE Vernova were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEV. Register Financial Advisors LLC purchased a new stake in shares of GE Vernova during the 4th quarter worth about $206,000. GPS Wealth Strategies Group LLC boosted its position in shares of GE Vernova by 1,126.0% in 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 during the period. Yarbrough Capital LLC grew its stake 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 in the last quarter. Legacy Bridge LLC boosted its holdings in GE Vernova by 77.0% in the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock worth $3,612,000 after acquiring an additional 4,776 shares during the period. Finally, CENTRAL TRUST Co grew its position in GE Vernova by 16.6% in the fourth quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after acquiring an additional 1,408 shares in the last quarter.
GE Vernova Stock Performance
Shares of GEV stock traded down $5.36 during midday trading on Friday, reaching $322.81. 2,859,246 shares of the company were exchanged, compared to its average volume of 3,373,626. The company's 50 day moving average price is $322.67 and its two-hundred day moving average price is $329.15. The company has a market cap of $88.24 billion and a P/E ratio of 58.06. GE Vernova Inc. has a 12 month low of $132.11 and a 12 month high of $447.50.
GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.57). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova's revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.
GE Vernova Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be issued 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 0.31%. GE Vernova's dividend payout ratio is currently 17.99%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a research report on Thursday, January 23rd. CICC Research initiated coverage on GE Vernova in a research note on Wednesday, February 19th. They set an "outperform" rating for the company. Citigroup cut their target price on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group raised their price target on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $357.13.
Read Our Latest Research Report on GEV
About GE Vernova
(
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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