GE Vernova Inc. (NYSE:GEV) Shares Sold by Sentry LLC

Sentry LLC reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 9.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,918 shares of the company’s stock after selling 200 shares during the period. Sentry LLC’s holdings in GE Vernova were worth $631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEV. Mackenzie Financial Corp acquired a new stake in GE Vernova during the 2nd quarter worth about $4,004,000. Ascent Group LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth about $327,000. Creative Planning purchased a new stake in shares of GE Vernova during the 2nd quarter worth about $8,105,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of GE Vernova during the 2nd quarter worth about $2,511,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth about $1,851,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GEV shares. The Goldman Sachs Group increased their target price on shares of GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and set a $453.00 target price on shares of GE Vernova in a research note on Tuesday. 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. Evercore ISI raised their price target on shares of GE Vernova from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, BMO Capital Markets raised their price target on shares of GE Vernova from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $342.94.

GE Vernova Price Performance

Shares of NYSE GEV opened at $353.65 on Thursday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $447.50. The company has a 50 day simple moving average of $353.77 and a 200-day simple moving average of $275.94. The company has a market capitalization of $97.48 billion and a P/E ratio of 63.61.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. The company’s revenue was up 5.1% on a year-over-year basis. As a group, research analysts expect that GE Vernova Inc. will post 6.61 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 20th were issued a $0.25 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 0.28%. GE Vernova’s dividend payout ratio (DPR) is presently 17.99%.

GE Vernova announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 10th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 6.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.