GE Vernova Inc. $GEV Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its stake in GE Vernova Inc. (NYSE:GEV) by 19.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,609 shares of the company’s stock after purchasing an additional 4,052 shares during the quarter. Vinva Investment Management Ltd’s holdings in GE Vernova were worth $14,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GEV. Brighton Jones LLC grew its stake in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after buying an additional 753 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of GE Vernova by 1.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after buying an additional 26 shares during the period. First Horizon Advisors Inc. lifted its position in GE Vernova by 7.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 746 shares of the company’s stock worth $395,000 after acquiring an additional 53 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in GE Vernova during the 2nd quarter worth approximately $624,000. Finally, Ethos Financial Group LLC purchased a new position in GE Vernova in the 2nd quarter worth approximately $207,000.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of GE Vernova from $761.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Wall Street Zen upgraded shares of GE Vernova from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. The Goldman Sachs Group raised their price target on shares of GE Vernova from $840.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, January 29th. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Finally, Guggenheim upgraded shares of GE Vernova from a “neutral” rating to a “buy” rating and set a $910.00 price objective on the stock in a report on Friday, January 30th. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $805.25.

GE Vernova Stock Down 3.1%

Shares of GEV opened at $790.00 on Friday. The firm has a market cap of $212.93 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 3.14 and a beta of 1.45. The business’s 50 day moving average is $743.08 and its two-hundred day moving average is $656.12. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $894.93.

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

GE Vernova Announces Dividend

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