United Capital Financial Advisors LLC Sells 1,853 Shares of GE Vernova Inc. (NYSE:GEV)

United Capital Financial Advisors LLC cut its holdings in GE Vernova Inc. (NYSE:GEV) by 18.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,121 shares of the company’s stock after selling 1,853 shares during the period. United Capital Financial Advisors LLC’s holdings in GE Vernova were worth $2,671,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Howard Capital Management Group LLC acquired a new stake in shares of GE Vernova during the third quarter worth $213,000. Virtu Financial LLC bought a new position in GE Vernova during the third quarter worth about $1,481,000. Westside Investment Management Inc. grew its position in shares of GE Vernova by 24.0% during the 3rd quarter. Westside Investment Management Inc. now owns 362 shares of the company’s stock worth $92,000 after buying an additional 70 shares during the period. Fulcrum Equity Management bought a new stake in shares of GE Vernova in the 3rd quarter valued at about $218,000. Finally, World Investment Advisors LLC increased its stake in shares of GE Vernova by 41.4% in the 3rd quarter. World Investment Advisors LLC now owns 2,876 shares of the company’s stock valued at $733,000 after acquiring an additional 842 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GEV. BMO Capital Markets decreased their price objective on shares of GE Vernova from $471.00 to $420.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Jefferies Financial Group boosted their price target on shares of GE Vernova from $391.00 to $413.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Susquehanna started coverage on GE Vernova in a research note on Wednesday, April 2nd. They set a “positive” rating and a $370.00 price objective on the stock. Barclays reduced their target price on GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lowered their price target on GE Vernova from $436.00 to $425.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $357.13.

GE Vernova Stock Down 1.6 %

GEV stock opened at $322.81 on Friday. The company has a market cap of $88.24 billion and a price-to-earnings ratio of 58.06. GE Vernova Inc. has a twelve month low of $132.11 and a twelve month high of $447.50. The business has a 50 day moving average price of $322.67 and a two-hundred day moving average price of $329.15.

GE Vernova (NYSE:GEV) last released 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 firm had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

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.