United Capital Financial Advisors LLC Sells 1,853 Shares of GE Vernova Inc. (NYSE:GEV)

United Capital Financial Advisors LLC cut its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,121 shares of the company's stock after selling 1,853 shares during the period. United Capital Financial Advisors LLC's holdings in GE Vernova were worth $2,671,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. MRP Capital Investments LLC bought a new position in GE Vernova in the 4th quarter worth approximately $25,000. Cedar Mountain Advisors LLC increased its position in GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after acquiring an additional 39 shares during the period. Fairway Wealth LLC increased its position 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 acquiring an additional 55 shares during the period. Pineridge Advisors LLC raised its stake in GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after purchasing an additional 69 shares during the last quarter. Finally, Pinpoint Asset Management Ltd bought a new stake in GE Vernova in the 4th quarter valued at $30,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on GEV shares. Citigroup cut their price objective on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research report on Monday. Robert W. Baird cut their price target on GE Vernova from $448.00 to $387.00 and set an "outperform" rating for the company in a report on Tuesday. Truist Financial set a $440.00 price objective on GE Vernova in a report on Thursday, March 27th. Susquehanna began coverage on GE Vernova in a research note on Wednesday, April 2nd. They issued a "positive" rating and a $370.00 target price for the company. Finally, Barclays reduced their target price on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $357.13.

GE Vernova Stock Down 1.6 %

Shares of NYSE:GEV opened at $322.81 on Friday. The firm 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. The company's 50-day moving average price is $322.67 and its two-hundred day moving average price is $329.15.

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

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders 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 0.31%. GE Vernova's payout ratio is currently 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.

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