Altshuler Shaham Ltd Sells 1,212 Shares of GE Vernova Inc. (NYSE:GEV)

Altshuler Shaham Ltd lowered its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,377 shares of the company’s stock after selling 1,212 shares during the quarter. GE Vernova accounts for about 0.3% of Altshuler Shaham Ltd’s portfolio, making the stock its 20th largest position. Altshuler Shaham Ltd’s holdings in GE Vernova were worth $10,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GEV. Cedar Mountain Advisors LLC lifted its holdings in shares of GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after acquiring an additional 39 shares during the last quarter. MRP Capital Investments LLC purchased a new stake in GE Vernova during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC lifted its stake in shares of GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Pineridge Advisors LLC boosted its holdings in shares of GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 69 shares during the period. Finally, Pinpoint Asset Management Ltd bought a new position in shares of GE Vernova during the 4th quarter valued at approximately $30,000.

GE Vernova Price Performance

Shares of GEV opened at $328.92 on Thursday. The company’s fifty day moving average price is $323.91 and its 200-day moving average price is $328.68. GE Vernova Inc. has a 1-year low of $131.25 and a 1-year high of $447.50. The firm has a market capitalization of $89.91 billion and a PE ratio of 59.16.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, January 22nd. The company reported $1.73 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 firm had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.30%. GE Vernova’s dividend payout ratio (DPR) is presently 17.99%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. 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 research report on Thursday, April 10th. Baird R W raised shares of GE Vernova to a “strong-buy” rating in a research note on Thursday, February 13th. CICC Research began coverage on shares of GE Vernova in a report on Wednesday, February 19th. They set an “outperform” rating on the stock. Barclays decreased their price objective on shares of GE Vernova from $487.00 to $427.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, Truist Financial set a $440.00 target price on GE Vernova in a research note on Thursday, March 27th. Seven equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $343.66.

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.