GE Vernova Inc. (NYSE:GEV) is Clean Energy Transition LLP’s 4th Largest Position

Clean Energy Transition LLP lowered its stake in GE Vernova Inc. (NYSE:GEV) by 38.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 398,549 shares of the company’s stock after selling 253,882 shares during the quarter. GE Vernova comprises 4.9% of Clean Energy Transition LLP’s portfolio, making the stock its 4th biggest holding. Clean Energy Transition LLP owned 0.14% of GE Vernova worth $131,095,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC grew its holdings in GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after purchasing an additional 39 shares during the last quarter. MRP Capital Investments LLC purchased a new stake in GE Vernova in the fourth quarter worth about $25,000. Fairway Wealth LLC boosted its stake in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Pineridge Advisors LLC grew its stake in GE Vernova by 530.8% in the fourth 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 last quarter. Finally, Pinpoint Asset Management Ltd purchased a new position in GE Vernova in the fourth quarter worth $30,000.

GE Vernova Trading Down 4.8 %

Shares of NYSE GEV opened at $311.06 on Friday. The business has a 50-day moving average price of $327.44 and a two-hundred day moving average price of $327.19. The firm has a market capitalization of $85.03 billion and a PE ratio of 55.95. GE Vernova Inc. has a one year low of $128.25 and a one year high of $447.50.

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

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. GE Vernova’s dividend payout ratio is currently 17.99%.

Analysts Set New Price Targets

Several research firms recently issued reports on GEV. Guggenheim raised GE Vernova from a “neutral” rating to a “buy” rating and set a $380.00 target price on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on shares of GE Vernova from $436.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday. New Street Research set a $380.00 price target on shares of GE Vernova in a report on Wednesday, March 5th. Jefferies Financial Group boosted their price target on GE Vernova from $391.00 to $413.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Finally, Truist Financial set a $440.00 target price on shares of GE Vernova in a research note on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $348.80.

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.