Laird Norton Wetherby Wealth Management LLC Has $1.46 Million Stock Position in GE Vernova Inc. (NYSE:GEV)

Laird Norton Wetherby Wealth Management LLC decreased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,443 shares of the company’s stock after selling 470 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in GE Vernova were worth $1,461,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GEV. MRP Capital Investments LLC acquired a new position in shares of GE Vernova during the 4th quarter worth approximately $25,000. Cedar Mountain Advisors LLC lifted its position in shares of GE Vernova by 102.6% during 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 period. Fairway Wealth LLC lifted its position in shares of GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares during the period. Pineridge Advisors LLC lifted its position in shares of 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 buying an additional 69 shares during the last quarter. Finally, Navigoe LLC bought a new stake in shares of GE Vernova during the 4th quarter worth $27,000.

GE Vernova Stock Performance

NYSE:GEV opened at $433.30 on Wednesday. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $447.50. The firm has a market cap of $118.26 billion and a price-to-earnings ratio of 77.93. The business’s fifty day moving average is $335.14 and its 200 day moving average is $342.83.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.56 billion. During the same period in the previous year, the business earned ($0.47) earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. Equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

Several research firms have commented on GEV. Robert W. Baird increased their target price on GE Vernova from $387.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Royal Bank of Canada decreased their target price on GE Vernova from $453.00 to $445.00 and set an “outperform” rating for the company in a research note on Tuesday, March 18th. Guggenheim reaffirmed a “buy” rating and set a $380.00 target price on shares of GE Vernova in a research note on Thursday, April 24th. TD Cowen reduced their price objective on GE Vernova from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna raised their price objective on GE Vernova from $370.00 to $399.00 and gave the company a “positive” rating in a research note on Thursday, April 24th. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.22.

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.