GE Vernova Inc. (NYSE:GEV) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its stake in GE Vernova Inc. (NYSE:GEV) by 14.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,284 shares of the company’s stock after selling 534 shares during the period. International Assets Investment Management LLC’s holdings in GE Vernova were worth $1,003,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. MRP Capital Investments LLC acquired a new stake in GE Vernova in the fourth quarter valued at about $25,000. Fairway Wealth LLC lifted its holdings in shares of GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after buying an additional 55 shares during the period. Navigoe LLC purchased a new stake in shares of GE Vernova in the fourth quarter valued at approximately $27,000. Clarity Asset Management Inc. acquired a new position in GE Vernova during the fourth quarter worth $28,000. Finally, Orion Capital Management LLC purchased a new position in GE Vernova in the fourth quarter worth $30,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GEV. Wolfe Research lowered shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Susquehanna reissued a “positive” rating and set a $499.00 price objective (up previously from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Bank of America lifted their price target on shares of GE Vernova from $520.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Morgan Stanley upped their price target on GE Vernova from $422.00 to $511.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Royal Bank Of Canada reduced their price objective on GE Vernova from $453.00 to $445.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Eight analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $429.13.

GE Vernova Trading Down 1.5%

GE Vernova stock opened at $502.99 on Thursday. The stock has a fifty day moving average price of $436.25 and a 200 day moving average price of $374.00. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $522.97. The firm has a market capitalization of $137.28 billion, a P/E ratio of 72.48, a PEG ratio of 3.97 and a beta of 1.97.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.54. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.47) EPS. As a group, equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova’s dividend payout ratio (DPR) is presently 14.41%.

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.