GE Vernova Inc. (NYSE:GEV) Holdings Cut by Dodge & Cox

Dodge & Cox reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,322 shares of the company’s stock after selling 3,018 shares during the period. Dodge & Cox owned 0.07% of GE Vernova worth $58,985,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Register Financial Advisors LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at approximately $206,000. GPS Wealth Strategies Group LLC lifted its stake in GE Vernova by 1,126.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company’s stock valued at $294,000 after acquiring an additional 822 shares during the last quarter. Yarbrough Capital LLC grew its position in GE Vernova by 67.2% in the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company’s stock worth $949,000 after acquiring an additional 1,160 shares in the last quarter. Legacy Bridge LLC increased its stake in shares of GE Vernova by 77.0% during the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company’s stock worth $3,612,000 after purchasing an additional 4,776 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of GE Vernova by 16.6% during the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company’s stock valued at $3,247,000 after purchasing an additional 1,408 shares in the last quarter.

GE Vernova Trading Up 0.1 %

NYSE:GEV opened at $321.84 on Tuesday. GE Vernova Inc. has a 1-year low of $128.25 and a 1-year high of $447.50. The firm has a market capitalization of $87.97 billion and a price-to-earnings ratio of 57.88. The business’s 50-day moving average price is $325.81 and its two-hundred day moving average price is $328.68.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Thursday, April 17th. GE Vernova’s dividend payout ratio is currently 17.99%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays lowered their target price on shares of GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Citigroup decreased their target price on GE Vernova from $437.00 to $354.00 and set a “neutral” rating for the company in a research report on Monday. Susquehanna initiated coverage on shares of GE Vernova in a research report on Wednesday, April 2nd. They issued a “positive” rating and a $370.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a report on Thursday, January 23rd. Finally, Robert W. Baird assumed coverage on shares of GE Vernova in a report on Thursday, February 13th. They issued an “outperform” rating and a $448.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $345.84.

GE Vernova 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.