Braun Stacey Associates Inc. Sells 1,212 Shares of GE Vernova Inc. $GEV

Braun Stacey Associates Inc. reduced its stake in GE Vernova Inc. (NYSE:GEVFree Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,799 shares of the company’s stock after selling 1,212 shares during the period. Braun Stacey Associates Inc.’s holdings in GE Vernova were worth $25,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEV. Jackson Grant Investment Advisers Inc. grew its holdings in shares of GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares during the last quarter. Wealth Watch Advisors INC bought a new stake in GE Vernova during the 3rd quarter valued at $25,000. ORG Wealth Partners LLC boosted its position in GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after buying an additional 29 shares during the period. Bay Harbor Wealth Management LLC boosted its position in GE Vernova by 537.5% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after buying an additional 43 shares during the period. Finally, Elevation Wealth Partners LLC grew its holdings in GE Vernova by 47.2% in the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after acquiring an additional 17 shares during the last quarter.

GE Vernova News Roundup

Here are the key news stories impacting GE Vernova this week:

GE Vernova Stock Performance

Shares of GEV opened at $898.26 on Friday. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $948.38. The firm’s 50-day simple moving average is $823.50 and its two-hundred day simple moving average is $691.06. The stock has a market cap of $242.11 billion, a PE ratio of 50.46, a price-to-earnings-growth ratio of 3.54 and a beta of 1.43.

GE Vernova (NYSE:GEVGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company had revenue of $10.96 billion during the quarter, compared to analyst estimates of $10.21 billion. During the same quarter last year, the company earned $1.73 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is presently 11.24%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating and issued a $785.00 price objective on shares of GE Vernova in a research report on Thursday, January 29th. Erste Group Bank upgraded shares of GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. Zacks Research upgraded GE Vernova from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. UBS Group reaffirmed a “buy” rating on shares of GE Vernova in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group increased their price objective on GE Vernova from $840.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $863.61.

View Our Latest Research Report on GE Vernova

GE Vernova Company Profile

(Free Report)

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

Further Reading

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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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