Mizuho Securities USA LLC has decreased its stake in GE Vernova Inc. (NYSE:GEV) by 15.4% in the first quarter, according to the company's most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,091 shares of the company's stock after selling 4,035 shares during the quarter. Mizuho Securities USA LLC's holdings in GE Vernova were worth $6,744,000 as of its most recent filing. GE Vernova reported a quarterly earnings per share of $1.86, exceeding estimates, with revenues of $9.11 billion, a year-over-year increase of 11.1%. The company announced a quarterly dividend of $0.25 per share, reflecting an annual yield of 0.2% and a payout ratio of 24.10%. The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova's payout ratio is currently 24.10%. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Navigoe LLC acquired a new stake in GE Vernova in the 4th quarter worth about $27,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova in the 1st quarter worth about $27,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova in the 1st quarter worth about $27,000. Clarity Asset Management Inc. acquired a new stake in GE Vernova in the 4th quarter worth about $28,000. Finally, Orion Capital Management LLC acquired a new stake in GE Vernova in the 4th quarter worth about $30,000. GE Vernova Inc. has a market cap of $176.65 billion, a P/E ratio of 156.37, a PEG ratio of 4.49 and a beta of 1.90. The business's 50-day simple moving average is $548.53 and its 200 day simple moving average is $424.54. GE Vernova ( - ) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the previous year, the business earned $4.65 EPS. GE Vernova's revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year. A number of brokerages have issued reports on GEV. Seaport Res Ptn raised GE Vernova to a 'strong-buy' rating in a research note on Thursday, July 10th. Morgan Stanley raised their price target on GE Vernova from $511.00 to $675.00 and gave the stock an 'overweight' rating in a research note on Thursday, July 24th. lowered GE Vernova from a 'buy' rating to a 'hold' rating in a research note on Saturday, July 26th. Susquehanna lifted their price objective on GE Vernova from $662.00 to $736.00 and gave the company a 'positive' rating in a research note on Thursday, July 24th. Finally, Citigroup lifted their price objective on GE Vernova from $544.00 to $670.00 and gave the company a 'neutral' rating in a research note on Thursday, July 24th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of 'Moderate Buy' and an average target price of $560.21. About GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segment 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.

Mizuho Securities USA LLC Reduces Stock Position in GE Vernova Inc. (NYSE:GEV)

Mizuho Securities USA LLC reduced its stake in GE Vernova Inc. by 15.4% in the first quarter, selling 4,035 shares and holding 22,091 shares worth $6.744 million as of the latest 13F filing. GE Vernova reported strong quarterly earnings of $1.86 per share, exceeding estimates, with $9.11 billion in revenue, an 11.1% year-over-year increase. The company announced a $0.25 per share quarterly dividend, resulting in a 0.2% annual yield and a 24.10% payout ratio. The firm's market capitalization is $176.65 billion, with a P/E ratio of 156.37 and a PEG ratio of 4.49. Several institutional investors, including Navigoe LLC, EQ Wealth Advisors LLC, IMA Advisory Services Inc., Clarity Asset Management Inc., and Orion Capital Management LLC, have acquired new stakes in the company during the first or fourth quarters. Analysts have issued various ratings, with Morgan Stanley, Susquehanna, and Citigroup raising price targets, while one brokerage lowered its rating to 'hold'. The stock currently has a consensus rating of 'Moderate Buy' and an average target price of $560.21.