Caerus Investment Advisors LLC Makes New $652,000 Investment in GE Vernova Inc. $GEV

Caerus Investment Advisors LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, Holdings Channel.com reports. The firm purchased 1,061 shares of the company’s stock, valued at approximately $652,000.

Several other large investors have also recently made changes to their positions in GEV. Synergy Asset Management LLC increased its stake in shares of GE Vernova by 300.0% in the third quarter. Synergy Asset Management LLC now owns 1,884 shares of the company’s stock worth $1,078,000 after buying an additional 1,413 shares during the period. J.W. Cole Advisors Inc. boosted its position in GE Vernova by 25.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company’s stock valued at $9,990,000 after buying an additional 3,278 shares during the period. Kercheville Advisors LLC grew its holdings in GE Vernova by 238.3% in the 3rd quarter. Kercheville Advisors LLC now owns 4,905 shares of the company’s stock worth $3,016,000 after acquiring an additional 3,455 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in GE Vernova in the 3rd quarter worth $18,601,000. Finally, US Bancorp DE increased its position in shares of GE Vernova by 2.2% in the third quarter. US Bancorp DE now owns 100,542 shares of the company’s stock valued at $61,824,000 after acquiring an additional 2,163 shares during the period.

GE Vernova Price Performance

Shares of NYSE GEV opened at $843.39 on Wednesday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $894.93. The stock has a market capitalization of $227.32 billion, a P/E ratio of 47.38, a P/E/G ratio of 3.29 and a beta of 1.44. The company’s 50-day moving average is $765.97 and its 200 day moving average is $667.09.

GE Vernova (NYSE:GEV) last posted 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. 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 analysts’ expectations of $10.21 billion. During the same period in the previous year, the firm posted $1.73 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on GEV. Oppenheimer reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 29th. Rothschild & Co Redburn upgraded GE Vernova from a “sell” rating to a “buy” rating and boosted their price target for the company from $560.00 to $1,100.00 in a report on Monday, March 9th. Weiss Ratings raised GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $785.00 price objective on shares of GE Vernova in a report on Thursday, January 29th. Finally, TD Cowen boosted their target price on GE Vernova from $680.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $831.29.

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.