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

Operose Advisors LLC trimmed its holdings in GE Vernova Inc. (NYSE:GEV) by 19.1% in the 4th quarter, according to the company in its most recent 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 quarter. 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 large investors also recently bought and sold shares of the business. Howard Capital Management Group LLC bought a new stake in shares of GE Vernova in the 3rd quarter worth approximately $213,000. Virtu Financial LLC bought a new stake in GE Vernova in the third quarter worth $1,481,000. Westside Investment Management Inc. grew its stake in shares of GE Vernova by 24.0% in the third quarter. Westside Investment Management Inc. now owns 362 shares of the company’s stock worth $92,000 after acquiring an additional 70 shares during the last quarter. Fulcrum Equity Management bought a new position in shares of GE Vernova during the third quarter valued at $218,000. Finally, World Investment Advisors LLC raised its position in shares of GE Vernova by 41.4% in the 3rd quarter. World Investment Advisors LLC now owns 2,876 shares of the company’s stock worth $733,000 after purchasing an additional 842 shares during the last quarter.

GE Vernova Stock Performance

Shares of GEV stock opened at $328.72 on Wednesday. The stock has a fifty day simple moving average of $324.89 and a two-hundred day simple moving average of $328.68. GE Vernova Inc. has a 52-week low of $128.25 and a 52-week high of $447.50. The firm has a market capitalization of $89.85 billion and a PE ratio of 59.12.

GE Vernova (NYSE:GEV) last issued its 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 net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $10.56 billion for 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. On average, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, April 17th. GE Vernova’s dividend payout ratio (DPR) is presently 17.99%.

Analyst Ratings Changes

Several analysts recently commented on GEV shares. Susquehanna initiated coverage on shares of GE Vernova in a research report on Wednesday, April 2nd. They set a “positive” rating and a $370.00 price objective on the stock. Robert W. Baird reduced their price target on shares of GE Vernova from $448.00 to $387.00 and set an “outperform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on GE Vernova from $436.00 to $425.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. CICC Research started coverage on GE Vernova in a report on Wednesday, February 19th. They issued an “outperform” rating for the company. Finally, Baird R W raised GE Vernova to a “strong-buy” rating in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.66.

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.