Circle Wealth Management LLC Reduces Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Circle Wealth Management LLC lowered its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 46.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,137 shares of the company’s stock after selling 988 shares during the quarter. Circle Wealth Management LLC’s holdings in GE Vernova were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its stake in GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after buying an additional 39 shares during the last quarter. MRP Capital Investments LLC bought a new position in shares of GE Vernova during the 4th quarter valued at approximately $25,000. Fairway Wealth LLC grew its holdings in shares of GE Vernova by 220.0% in 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 increased its position in GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 69 shares during the last quarter. Finally, Navigoe LLC purchased a new stake in GE Vernova during the fourth quarter valued at $27,000.

GE Vernova Trading Down 3.1 %

Shares of NYSE:GEV opened at $394.28 on Friday. The company has a market capitalization of $107.61 billion and a PE ratio of 70.91. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $447.50. The business’s fifty day simple moving average is $328.62 and its 200-day simple moving average is $339.77.

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

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.25%. GE Vernova’s dividend payout ratio (DPR) is 14.41%.

Analyst Ratings Changes

GEV has been the topic of a number of research reports. Marathon Capitl upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Friday, January 31st. Truist Financial set a $440.00 target price on GE Vernova in a report on Thursday, March 27th. New Street Research set a $380.00 price target on GE Vernova in a research report on Wednesday, March 5th. Royal Bank of Canada cut their price objective on shares of GE Vernova from $453.00 to $445.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. Finally, Johnson Rice began coverage on shares of GE Vernova in a report on Friday, February 7th. They issued a “buy” rating and a $425.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $369.22.

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.