Operose Advisors LLC Cuts Position in GE Vernova Inc. (NYSE:GEV)

Operose Advisors LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 19.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225 shares of the company’s stock after selling 53 shares during the period. Operose Advisors LLC’s holdings in GE Vernova were worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of GEV. MRP Capital Investments LLC bought a new position in GE Vernova during the fourth quarter valued at $25,000. Cedar Mountain Advisors LLC lifted its holdings in shares of GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after acquiring an additional 39 shares during the last quarter. Fairway Wealth LLC increased its stake 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 last quarter. Pineridge Advisors LLC raised its position in GE Vernova by 530.8% during the fourth 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 period. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of GE Vernova in the 4th quarter worth approximately $30,000.

Analysts Set New Price Targets

Several analysts recently weighed in on GEV shares. Susquehanna initiated coverage on GE Vernova in a report on Wednesday, April 2nd. They set a “positive” rating and a $370.00 price target on the stock. Baird R W raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, February 13th. BMO Capital Markets cut their target price on GE Vernova from $471.00 to $420.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Robert W. Baird decreased their price target on GE Vernova from $448.00 to $387.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, William Blair reiterated an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $343.66.

GE Vernova Price Performance

GEV stock opened at $328.72 on Wednesday. The firm’s fifty day simple moving average is $324.89 and its 200-day simple moving average is $328.68. GE Vernova Inc. has a 12 month low of $128.25 and a 12 month high of $447.50. The company has a market capitalization of $89.85 billion and a P/E ratio of 59.12.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). The company had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s payout ratio is presently 17.99%.

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.