Savant Capital LLC Has $12.20 Million Holdings in GE Vernova Inc. $GEV

Savant Capital LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 5.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,836 shares of the company’s stock after buying an additional 1,103 shares during the quarter. Savant Capital LLC’s holdings in GE Vernova were worth $12,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bay Harbor Wealth Management LLC increased its position in GE Vernova by 537.5% during the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after acquiring an additional 43 shares during the period. Elevation Wealth Partners LLC boosted its position in shares of GE Vernova by 47.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after acquiring an additional 17 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in GE Vernova by 112.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 53 shares of the company’s stock valued at $33,000 after acquiring an additional 28 shares during the period. WFA Asset Management Corp acquired a new position in GE Vernova in the second quarter worth about $29,000. Finally, Howard Hughes Medical Institute bought a new position in GE Vernova during the second quarter worth about $31,000.

GE Vernova Stock Down 4.5%

Shares of GE Vernova stock opened at $745.37 on Thursday. The company’s fifty day moving average is $663.44 and its 200 day moving average is $626.75. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $795.50. The stock has a market cap of $200.90 billion, a price-to-earnings ratio of 41.87, a P/E/G ratio of 3.14 and a beta of 1.67.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. The firm had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $1.73 EPS. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 5th were issued a $0.50 dividend. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, January 5th. GE Vernova’s dividend payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GEV shares. Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Bank of America raised their price objective on shares of GE Vernova from $725.00 to $804.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group upped their price objective on GE Vernova from $840.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Guggenheim raised GE Vernova from a “neutral” rating to a “buy” rating and set a $910.00 price objective on the stock in a research note on Friday, January 30th. Finally, Robert W. Baird set a $923.00 price target on GE Vernova and gave the company an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $763.19.

More GE Vernova News

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Baird upgraded GEV from Hold to Strong-Buy, saying overcapacity concerns look less likely — that upgrade is driving bullish analyst sentiment and likely lifted the stock. Baird upgrades GE Vernova
• Positive Sentiment: Market reaction: coverage notes GEV shares were trading notably higher following the Baird upgrade, indicating the upgrade had immediate impact on investor demand. GE Vernova Trading Higher After Upgrade
• Positive Sentiment: Business momentum: analysts and media point to rising data-center orders and a growing backlog (reported backlog ~$150B) as drivers of longer-term revenue visibility and demand for GEV’s power equipment. Fool: Energy Stock Momentum
• Neutral Sentiment: GEV completed a $2.6B multi‑tranche senior notes offering (various coupons) and says net proceeds will be used for general corporate purposes, including financing the acquisition of the remaining 50% of Prolec GE — this funds a strategic bolt-on but increases debt levels. BusinessWire: Senior Notes Offering

GE Vernova Profile

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.