Kelly Lawrence W & Associates Inc. CA Sells 31 Shares of GE Vernova Inc. (NYSE:GEV)

Kelly Lawrence W & Associates Inc. CA cut its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373 shares of the company’s stock after selling 31 shares during the period. Kelly Lawrence W & Associates Inc. CA’s holdings in GE Vernova were worth $123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MRP Capital Investments LLC bought a new stake in shares of GE Vernova during the fourth quarter worth $25,000. Cedar Mountain Advisors LLC lifted its position in GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock worth $25,000 after buying an additional 39 shares in the last quarter. Fairway Wealth LLC grew its holdings in GE Vernova by 220.0% during the 4th 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 grew its holdings in GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after acquiring an additional 69 shares during the last quarter. Finally, Pinpoint Asset Management Ltd acquired a new stake in GE Vernova in the 4th quarter valued at about $30,000.

Analyst Upgrades and Downgrades

GEV has been the topic of several research analyst reports. CICC Research initiated coverage on shares of GE Vernova in a research note on Wednesday, February 19th. They set an “outperform” rating on the stock. Truist Financial set a $440.00 price objective on GE Vernova in a report on Thursday, March 27th. Robert W. Baird lowered their target price on GE Vernova from $448.00 to $387.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets cut their price target 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. Finally, The Goldman Sachs Group lifted their price objective on GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Seven 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 company’s stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $357.13.

GE Vernova Price Performance

GE Vernova stock opened at $322.81 on Friday. GE Vernova Inc. has a one year low of $132.11 and a one year high of $447.50. The company has a market cap of $88.24 billion and a price-to-earnings ratio of 58.06. The firm has a 50-day moving average of $321.67 and a 200-day moving average of $330.15.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results 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 firm had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.70 billion. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s dividend payout ratio is presently 17.99%.

About GE Vernova

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.