Yousif Capital Management LLC Has $10.50 Million Position in GE Vernova Inc. (NYSE:GEV)

Yousif Capital Management LLC lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,406 shares of the company’s stock after selling 85 shares during the quarter. Yousif Capital Management LLC’s holdings in GE Vernova were worth $10,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEV. Brighton Jones LLC raised its position in GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after acquiring an additional 753 shares in the last quarter. Empowered Funds LLC raised its position in GE Vernova by 61.0% during the fourth quarter. Empowered Funds LLC now owns 7,005 shares of the company’s stock valued at $2,304,000 after acquiring an additional 2,653 shares in the last quarter. Angeles Wealth Management LLC bought a new position in GE Vernova during the fourth quarter valued at approximately $237,000. Savant Capital LLC raised its position in shares of GE Vernova by 1.4% in the fourth quarter. Savant Capital LLC now owns 9,324 shares of the company’s stock valued at $3,067,000 after purchasing an additional 130 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of GE Vernova in the fourth quarter valued at approximately $52,000.

GE Vernova Price Performance

GEV opened at $464.57 on Wednesday. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $500.72. The firm’s fifty day moving average price is $396.05 and its two-hundred day moving average price is $362.54. The company has a market capitalization of $126.80 billion, a P/E ratio of 83.56, a P/E/G ratio of 3.03 and a beta of 1.97.

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

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. GE Vernova’s dividend payout ratio is presently 14.41%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup dropped their price target on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group lifted their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a “buy” rating in a research report on Tuesday. CICC Research assumed coverage on shares of GE Vernova in a research report on Wednesday, February 19th. They issued an “outperform” rating on the stock. Susquehanna reissued a “positive” rating and issued a $499.00 price target (up previously from $399.00) on shares of GE Vernova in a research report on Wednesday, May 14th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned 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 $390.58.

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.