GE Vernova Inc. (NYSE:GEV) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lessened its holdings in GE Vernova Inc. (NYSE:GEV) by 91.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,119 shares of the company’s stock after selling 22,048 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in GE Vernova were worth $697,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC raised its stake in GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock worth $25,000 after acquiring an additional 39 shares during the period. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova during the 4th quarter worth approximately $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 worth $26,000 after purchasing an additional 55 shares during the last quarter. Pineridge Advisors LLC boosted its position in GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock valued at $27,000 after purchasing an additional 69 shares during the period. Finally, Pinpoint Asset Management Ltd acquired a new stake in GE Vernova in the fourth quarter worth $30,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GEV shares. Guggenheim restated a “buy” rating and set a $380.00 price target on shares of GE Vernova in a research report on Thursday, April 24th. Bank of America raised their price target on shares of GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. New Street Research set a $380.00 price objective on GE Vernova in a report on Wednesday, March 5th. Citigroup cut their target price on GE Vernova from $437.00 to $354.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Johnson Rice began coverage on GE Vernova in a research note on Friday, February 7th. They issued a “buy” rating and a $425.00 price target for the company. Six investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $369.22.

GE Vernova Trading Up 1.0 %

Shares of GEV stock opened at $398.03 on Friday. The stock’s fifty day simple moving average is $330.33 and its 200-day simple moving average is $340.61. The company has a market capitalization of $108.64 billion and a price-to-earnings ratio of 71.59. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50.

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

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s dividend payout ratio (DPR) is presently 14.41%.

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.