Jefferies Financial Group Inc. Decreases Stock Holdings in GE Vernova Inc. $GEV

Jefferies Financial Group Inc. lowered its holdings in GE Vernova Inc. (NYSE:GEV) by 68.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,029 shares of the company’s stock after selling 52,141 shares during the period. Jefferies Financial Group Inc.’s holdings in GE Vernova were worth $14,775,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GEV. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of GE Vernova during the 3rd quarter valued at $5,483,000. Rathbones Group PLC boosted its position in GE Vernova by 1.0% during the 3rd quarter. Rathbones Group PLC now owns 59,365 shares of the company’s stock worth $36,504,000 after purchasing an additional 587 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in GE Vernova during the 3rd quarter worth $259,000. Vinva Investment Management Ltd increased its holdings in GE Vernova by 19.7% in the 3rd quarter. Vinva Investment Management Ltd now owns 24,609 shares of the company’s stock valued at $14,825,000 after purchasing an additional 4,052 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in GE Vernova by 19.8% in the 3rd quarter. Parallel Advisors LLC now owns 9,906 shares of the company’s stock valued at $6,091,000 after purchasing an additional 1,635 shares in the last quarter.

GE Vernova Price Performance

NYSE:GEV opened at $790.00 on Monday. The firm has a 50-day moving average of $743.08 and a two-hundred day moving average of $656.48. The stock has a market cap of $212.93 billion, a P/E ratio of 44.38, a PEG ratio of 3.14 and a beta of 1.45. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $894.93.

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

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 17th. GE Vernova’s dividend payout ratio is presently 11.24%.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of recent research reports. Barclays restated an “overweight” rating and set a $849.00 price objective on shares of GE Vernova in a research note on Monday, February 2nd. Weiss Ratings upgraded GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Mizuho set a $714.00 target price on GE Vernova in a report on Tuesday, February 3rd. JPMorgan Chase & Co. reissued an “overweight” rating on shares of GE Vernova in a research report on Wednesday, December 10th. Finally, Oppenheimer restated an “outperform” rating on shares of GE Vernova in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $805.25.

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.