GE Vernova Inc. $GEV Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 3.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,321 shares of the company’s stock after selling 564 shares during the period. GE Vernova accounts for about 1.6% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Teamwork Financial Advisors LLC’s holdings in GE Vernova were worth $14,563,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. B. Metzler seel. Sohn & Co. AG grew its holdings in GE Vernova by 37.7% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company’s stock worth $27,116,000 after purchasing an additional 6,313 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $8,337,000. Sapient Capital LLC lifted its holdings in shares of GE Vernova by 31.4% during the 2nd quarter. Sapient Capital LLC now owns 76,038 shares of the company’s stock valued at $89,372,000 after purchasing an additional 18,188 shares during the last quarter. Processus Wealth & Capital Management LLC purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $2,699,000. Finally, Field & Main Bank acquired a new stake in shares of GE Vernova in the 2nd quarter worth $3,018,000.

GE Vernova Stock Performance

Shares of GEV stock traded down $13.42 during mid-day trading on Monday, reaching $907.78. The stock had a trading volume of 2,615,869 shares, compared to its average volume of 2,638,957. The business’s fifty day moving average is $961.19 and its 200-day moving average is $1,002.63. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The firm has a market cap of $241.77 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 3.19 and a beta of 1.14. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. During the same quarter in the previous year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, research analysts forecast that GE Vernova Inc. will post 15.04 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio is 5.72%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GEV shares. Mizuho raised their price objective on GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Glj Research started coverage on GE Vernova in a research report on Monday, September 14th. They set a “sell” rating and a $470.00 target price on the stock. BNP Paribas Exane reduced their target price on GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. TD Cowen increased their price target on GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, William Blair reissued an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $1,164.87.

About GE Vernova

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.