GE Vernova Inc. (NYSE:GEV) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. reduced its stake in GE Vernova Inc. (NYSE:GEV) by 5.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,882 shares of the company’s stock after selling 367 shares during the quarter. YHB Investment Advisors Inc.’s holdings in GE Vernova were worth $2,101,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Kovack Advisors Inc. lifted its stake in shares of GE Vernova by 1.0% during the fourth quarter. Kovack Advisors Inc. now owns 3,167 shares of the company’s stock worth $1,042,000 after buying an additional 31 shares during the period. Fulcrum Equity Management raised its stake in GE Vernova by 3.6% in the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company’s stock worth $291,000 after acquiring an additional 31 shares during the last quarter. Dopkins Wealth Management LLC lifted its position in GE Vernova by 4.9% during the 1st quarter. Dopkins Wealth Management LLC now owns 668 shares of the company’s stock worth $204,000 after acquiring an additional 31 shares during the period. Rothschild Investment LLC lifted its position in GE Vernova by 1.7% during the 1st quarter. Rothschild Investment LLC now owns 1,965 shares of the company’s stock worth $600,000 after acquiring an additional 33 shares during the period. Finally, Johnson & White Wealth Management LLC grew its stake in GE Vernova by 3.7% during the 1st quarter. Johnson & White Wealth Management LLC now owns 929 shares of the company’s stock valued at $284,000 after purchasing an additional 33 shares during the last quarter.

GE Vernova Stock Up 2.7%

NYSE:GEV opened at $499.97 on Tuesday. The stock’s fifty day moving average is $429.11 and its two-hundred day moving average is $372.13. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $506.31. The stock has a market capitalization of $136.46 billion, a price-to-earnings ratio of 72.04, a price-to-earnings-growth ratio of 3.78 and a beta of 1.97.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The business had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.56 billion. During the same period last year, the firm earned ($0.47) earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. GE Vernova’s dividend payout ratio is presently 14.41%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TD Cowen reduced their price objective on GE Vernova from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Bank of America upped their price objective on shares of GE Vernova from $520.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Jefferies Financial Group downgraded shares of GE Vernova from a “buy” rating to a “hold” rating and boosted their target price for the company from $427.00 to $517.00 in a research report on Thursday, May 29th. Barclays upped their price target on shares of GE Vernova from $500.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 9th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $425.42.

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.