Securian Asset Management Inc. Sells 5,842 Shares of GE Vernova Inc. $GEV

Securian Asset Management Inc. decreased its position in GE Vernova Inc. (NYSE:GEV) by 44.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,378 shares of the company’s stock after selling 5,842 shares during the period. Securian Asset Management Inc.’s holdings in GE Vernova were worth $4,822,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. grew its position in GE Vernova by 344.4% in the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in GE Vernova in the 3rd quarter worth approximately $25,000. Torren Management LLC purchased a new stake in GE Vernova in the 4th quarter worth approximately $26,000. ORG Wealth Partners LLC raised its position in shares of GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after buying an additional 29 shares in the last quarter. Finally, Monetary Management Group Inc. purchased a new position in GE Vernova in the 2nd quarter worth $32,000.

GE Vernova Price Performance

GE Vernova stock opened at $1,040.75 on Monday. The firm has a market capitalization of $279.67 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 3.90 and a beta of 1.51. GE Vernova Inc. has a 12-month low of $387.03 and a 12-month high of $1,181.95. The firm has a 50-day moving average price of $933.83 and a 200-day moving average price of $755.75. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating the consensus estimate of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the prior year, the firm posted $0.91 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts forecast that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 17th. GE Vernova’s dividend payout ratio is currently 5.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GEV shares. BMO Capital Markets raised their price target on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Robert W. Baird lifted their target price on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Citigroup lifted their target price on shares of GE Vernova from $779.00 to $1,110.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Evercore increased their price objective on shares of GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Finally, Zacks Research downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $1,090.76.

About GE Vernova

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.