Vestmark Advisory Solutions Inc. Has $1.05 Million Stock Holdings in GE Vernova Inc. $GEV

Vestmark Advisory Solutions Inc. raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 325.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,703 shares of the company’s stock after buying an additional 1,303 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in GE Vernova were worth $1,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after buying an additional 31 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $31,000. Bay Harbor Wealth Management LLC boosted its holdings in GE Vernova by 537.5% in the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after purchasing an additional 43 shares in the last quarter. Monetary Management Group Inc. acquired a new position in GE Vernova during the second quarter worth $32,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of GE Vernova by 47.2% in the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after buying an additional 17 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have commented on GEV. Robert W. Baird set a $923.00 price target on GE Vernova and gave the company an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of GE Vernova from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. UBS Group reaffirmed a “buy” rating on shares of GE Vernova in a research report on Thursday, January 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of GE Vernova in a report on Wednesday, December 10th. Finally, China Renaissance raised GE Vernova to a “strong-buy” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $788.24.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $874.61 on Thursday. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $894.93. The business’s fifty day moving average price is $716.98 and its two-hundred day moving average price is $645.60. The stock has a market capitalization of $235.73 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 3.50 and a beta of 1.67.

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

GE Vernova Dividend Announcement

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 dividend of $0.50 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio 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.