Jaffetilchin Investment Partners LLC Sells 68 Shares of GE Vernova Inc. (NYSE:GEV)

Jaffetilchin Investment Partners LLC reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,908 shares of the company’s stock after selling 68 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in GE Vernova were worth $1,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GEV. Armstrong Advisory Group Inc. increased its holdings in GE Vernova by 3.5% in the 4th quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company’s stock worth $262,000 after buying an additional 27 shares during the period. Hengehold Capital Management LLC increased its stake in shares of GE Vernova by 2.4% in the 4th quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company’s stock valued at $405,000 after purchasing an additional 29 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of GE Vernova by 1.6% during the 4th quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company’s stock worth $611,000 after buying an additional 30 shares during the period. Mutual Advisors LLC lifted its holdings in GE Vernova by 1.2% during the fourth quarter. Mutual Advisors LLC now owns 2,701 shares of the company’s stock valued at $888,000 after purchasing an additional 31 shares in the last quarter. Finally, WASHINGTON TRUST Co boosted its holdings in GE Vernova by 1.9% in the 4th quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company’s stock worth $560,000 after buying an additional 31 shares during the last quarter.

GE Vernova Price Performance

Shares of GEV stock opened at $320.99 on Friday. The stock has a market capitalization of $87.74 billion and a PE ratio of 57.73. The business’s 50 day simple moving average is $326.73 and its 200 day simple moving average is $327.64. 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 for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The firm had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders 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 yield of 0.31%. GE Vernova’s payout ratio is currently 17.99%.

Analyst Upgrades and Downgrades

GEV has been the subject of several analyst reports. Susquehanna began coverage on GE Vernova in a report on Wednesday, April 2nd. They issued a “positive” rating and a $370.00 target price for the company. New Street Research set a $380.00 price objective on shares of GE Vernova in a report on Wednesday, March 5th. Royal Bank of Canada cut their target price on shares of GE Vernova from $453.00 to $445.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 18th. Jefferies Financial Group lifted their price target on GE Vernova from $391.00 to $413.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Finally, The Goldman Sachs Group lifted their price target 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. Seven analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $348.80.

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.