Whalerock Point Partners LLC Makes New Investment in GE Vernova Inc. $GEV

Whalerock Point Partners LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 618 shares of the company’s stock, valued at approximately $380,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GEV. Jackson Grant Investment Advisers Inc. lifted its stake in GE Vernova by 344.4% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares during the last quarter. Bay Harbor Wealth Management LLC increased its stake in shares of GE Vernova by 537.5% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after purchasing an additional 43 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings 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 worth $33,000 after buying an additional 17 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of GE Vernova by 112.0% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 53 shares of the company’s stock worth $33,000 after buying an additional 28 shares during the last quarter. Finally, Howard Hughes Medical Institute acquired a new stake in GE Vernova in the second quarter valued at about $31,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several research analyst reports. Mizuho set a $714.00 target price on GE Vernova in a research note on Tuesday, February 3rd. Weiss Ratings raised shares of GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Wolfe Research raised shares of GE Vernova from a “peer perform” rating to a “buy” rating in a research note on Wednesday, December 10th. Susquehanna raised their target price on shares of GE Vernova from $800.00 to $820.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Finally, Citigroup upped their price target on shares of GE Vernova from $708.00 to $779.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $788.24.

GE Vernova Stock Down 0.0%

Shares of GE Vernova stock opened at $875.63 on Friday. The stock has a market cap of $236.01 billion, a price-to-earnings ratio of 49.19, a P/E/G ratio of 3.49 and a beta of 1.67. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $894.93. The company’s fifty day moving average is $721.73 and its 200 day moving average is $647.20.

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

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 11.24%.

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.