GE Vernova Inc. $GEV Shares Sold by S&CO Inc.

S&CO Inc. decreased its holdings in GE Vernova Inc. (NYSE:GEV) by 11.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,159 shares of the company’s stock after selling 1,700 shares during the quarter. S&CO Inc.’s holdings in GE Vernova were worth $8,091,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GEV. Good Life Advisors LLC boosted its position in shares of GE Vernova by 1.0% in the 2nd quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock valued at $875,000 after purchasing an additional 16 shares during the period. Bell Investment Advisors Inc raised its holdings in GE Vernova by 6.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock worth $135,000 after buying an additional 16 shares during the period. Northwest Wealth Management LLC lifted its stake in GE Vernova by 3.6% during the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock valued at $286,000 after buying an additional 16 shares in the last quarter. AMG National Trust Bank boosted its holdings in shares of GE Vernova by 1.5% in the second quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after buying an additional 17 shares during the period. Finally, Graney & King LLC increased its position in shares of GE Vernova by 2.4% in the second quarter. Graney & King LLC now owns 722 shares of the company’s stock worth $382,000 after acquiring an additional 17 shares in the last quarter.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $801.25 on Tuesday. The firm has a market cap of $215.96 billion, a price-to-earnings ratio of 45.01, a P/E/G ratio of 3.10 and a beta of 1.67. The stock has a 50-day simple moving average of $674.49 and a 200-day simple moving average of $630.80. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $814.86.

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

GE Vernova Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 5th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, January 5th. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 11.24%.

Analysts Set New Price Targets

Several brokerages recently commented on GEV. BMO Capital Markets restated an “outperform” rating and issued a $785.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Rothschild & Co Redburn set a $475.00 target price on GE Vernova in a research report on Wednesday, October 15th. Citigroup lifted their price target on GE Vernova from $708.00 to $779.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Royal Bank Of Canada increased their price objective on GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of GE Vernova in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average target price of $788.24.

GE Vernova Company 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.