GE Vernova Inc. $GEV Shares Bought by Talbot Financial LLC

Talbot Financial LLC grew its position in GE Vernova Inc. (NYSE:GEV) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,604 shares of the company’s stock after buying an additional 1,561 shares during the period. GE Vernova accounts for approximately 1.4% of Talbot Financial LLC’s investment portfolio, making the stock its 27th largest position. Talbot Financial LLC’s holdings in GE Vernova were worth $16,734,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GEV. Capital World Investors grew its stake in shares of GE Vernova by 1,907.5% in the 3rd quarter. Capital World Investors now owns 2,156,197 shares of the company’s stock valued at $1,325,842,000 after buying an additional 2,048,792 shares during the period. Franklin Resources Inc. grew its stake in shares of GE Vernova by 170.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,175,729 shares of the company’s stock valued at $722,956,000 after buying an additional 740,339 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of GE Vernova by 771.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 763,226 shares of the company’s stock valued at $403,861,000 after buying an additional 675,629 shares during the period. SG Americas Securities LLC grew its stake in shares of GE Vernova by 10,288.6% in the 4th quarter. SG Americas Securities LLC now owns 418,661 shares of the company’s stock valued at $273,624,000 after buying an additional 414,631 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of GE Vernova by 66.0% in the 2nd quarter. Raymond James Financial Inc. now owns 944,567 shares of the company’s stock valued at $499,817,000 after buying an additional 375,677 shares during the period.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Evercore increased their price target on shares of GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Citigroup increased their price objective on shares of GE Vernova from $708.00 to $779.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Wednesday, December 10th. Rothschild & Co Redburn raised shares of GE Vernova from a “sell” rating to a “buy” rating and increased their price objective for the stock from $560.00 to $1,100.00 in a research report on Monday, March 9th. Finally, Robert W. Baird set a $923.00 price objective on shares of GE Vernova and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, GE Vernova presently has an average rating of “Buy” and an average target price of $863.61.

GE Vernova Stock Down 0.4%

Shares of GEV stock opened at $894.93 on Tuesday. GE Vernova Inc. has a 52 week low of $253.08 and a 52 week high of $948.38. The stock has a market capitalization of $241.21 billion, a PE ratio of 50.28, a P/E/G ratio of 3.54 and a beta of 1.43. The firm has a 50 day moving average of $828.08 and a two-hundred day moving average of $693.59.

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

GE Vernova Announces Dividend

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

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.