WBI Investments LLC Makes New $438,000 Investment in GE Vernova Inc. $GEV

WBI Investments LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 713 shares of the company’s stock, valued at approximately $438,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEV. Jackson Grant Investment Advisers Inc. boosted its stake in GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of GE Vernova in the 3rd quarter valued at about $25,000. Howard Hughes Medical Institute acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $31,000. Bay Harbor Wealth Management LLC grew its stake in GE Vernova by 537.5% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after buying an additional 43 shares during the last quarter. Finally, Monetary Management Group Inc. purchased a new position in GE Vernova during the 2nd quarter worth approximately $32,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on GE Vernova from $840.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Susquehanna raised their target price on shares of GE Vernova from $800.00 to $820.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $930.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Glj Research increased their price target on shares of GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada raised their price objective on shares of GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $831.29.

GE Vernova Trading Up 1.5%

Shares of GEV stock opened at $856.81 on Thursday. The company has a market capitalization of $230.93 billion, a P/E ratio of 48.14, a price-to-earnings-growth ratio of 3.36 and a beta of 1.45. The business’s 50 day moving average is $769.86 and its two-hundred day moving average is $668.41. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $894.93.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share 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 during the quarter, compared to the consensus estimate of $10.21 billion. During the same period last year, the company earned $1.73 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s 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.