EP Wealth Advisors LLC Has $1.92 Million Holdings in GE Vernova Inc. (NYSE:GEV)

EP Wealth Advisors LLC decreased its position in shares of GE Vernova Inc. (NYSE:GEV) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,822 shares of the company’s stock after selling 68 shares during the period. EP Wealth Advisors LLC’s holdings in GE Vernova were worth $1,915,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GEV. Concentric Capital Strategies LP bought a new position in shares of GE Vernova in the fourth quarter valued at about $883,000. Cetera Investment Advisers increased its position in GE Vernova by 25.1% in the 4th quarter. Cetera Investment Advisers now owns 65,424 shares of the company’s stock valued at $21,520,000 after acquiring an additional 13,146 shares in the last quarter. BROOKFIELD Corp ON bought a new position in shares of GE Vernova in the fourth quarter worth about $3,463,000. Brevan Howard Capital Management LP lifted its position in shares of GE Vernova by 272.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 10,134 shares of the company’s stock worth $3,333,000 after purchasing an additional 7,411 shares in the last quarter. Finally, Bridgefront Capital LLC grew its stake in shares of GE Vernova by 43.8% during the fourth quarter. Bridgefront Capital LLC now owns 1,598 shares of the company’s stock valued at $526,000 after purchasing an additional 487 shares during the last quarter.

GE Vernova Price Performance

GEV opened at $398.03 on Friday. The company has a market capitalization of $108.64 billion and a price-to-earnings ratio of 71.59. The business’s 50-day moving average price is $330.33 and its two-hundred day moving average price is $340.61. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $447.50.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.47) EPS. Sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share 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. This represents a $1.00 annualized dividend and a yield of 0.25%. The ex-dividend date is Thursday, April 17th. GE Vernova’s payout ratio is 14.41%.

Analyst Ratings Changes

Several research firms recently weighed in on GEV. CICC Research assumed coverage on shares of GE Vernova in a research report on Wednesday, February 19th. They issued an “outperform” rating for the company. Johnson Rice started coverage on GE Vernova in a research report on Friday, February 7th. They set a “buy” rating and a $425.00 target price for the company. Marathon Capitl upgraded GE Vernova to a “strong-buy” rating in a report on Friday, January 31st. TD Cowen dropped their price objective on GE Vernova from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $422.00 target price (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price 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.