Sculati Wealth Management LLC Sells 178 Shares of GE Vernova Inc. (NYSE:GEV)

Sculati Wealth Management LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 878 shares of the company’s stock after selling 178 shares during the period. Sculati Wealth Management LLC’s holdings in GE Vernova were worth $289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mutual Advisors LLC grew its stake in shares of GE Vernova by 1.2% in the 4th quarter. Mutual Advisors LLC now owns 2,701 shares of the company’s stock valued at $888,000 after purchasing an additional 31 shares during the period. WASHINGTON TRUST Co grew its stake in shares of GE Vernova by 1.9% in the 4th quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company’s stock valued at $560,000 after purchasing an additional 31 shares during the period. Kovack Advisors Inc. grew its stake in shares of GE Vernova by 1.0% in the 4th quarter. Kovack Advisors Inc. now owns 3,167 shares of the company’s stock valued at $1,042,000 after purchasing an additional 31 shares during the period. NewSquare Capital LLC grew its stake in shares of GE Vernova by 32.4% in the 4th quarter. NewSquare Capital LLC now owns 139 shares of the company’s stock valued at $46,000 after purchasing an additional 34 shares during the period. Finally, Holderness Investments Co. grew its stake in shares of GE Vernova by 3.8% in the 4th quarter. Holderness Investments Co. now owns 999 shares of the company’s stock valued at $329,000 after purchasing an additional 37 shares during the period.

GE Vernova Price Performance

GE Vernova stock opened at $465.36 on Monday. The company’s 50 day simple moving average is $358.25 and its 200 day simple moving average is $350.75. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $469.81. The firm has a market capitalization of $127.01 billion and a price-to-earnings ratio of 83.70.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter last year, the firm earned ($0.47) EPS. GE Vernova’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.21%. GE Vernova’s dividend payout ratio is presently 14.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Susquehanna reaffirmed a “positive” rating and issued a $499.00 target price (up previously from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Guggenheim reaffirmed a “buy” rating and issued a $380.00 target price on shares of GE Vernova in a report on Thursday, April 24th. Baird R W raised shares of GE Vernova to a “strong-buy” rating in a report on Thursday, February 13th. BMO Capital Markets decreased their price target on GE Vernova from $471.00 to $420.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, Royal Bank of Canada decreased their price target on GE Vernova from $453.00 to $445.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. Six 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $374.62.

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.