Talbot Financial LLC Boosts Holdings in GE Vernova Inc. $GEV

Talbot Financial LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,604 shares of the company’s stock after purchasing an additional 1,561 shares during the quarter. GE Vernova accounts for approximately 1.4% of Talbot Financial LLC’s investment portfolio, making the stock its 27th biggest holding. Talbot Financial LLC’s holdings in GE Vernova were worth $16,734,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. NovaPoint Capital LLC raised its position in shares of GE Vernova by 4.6% in the fourth quarter. NovaPoint Capital LLC now owns 6,086 shares of the company’s stock worth $3,978,000 after acquiring an additional 268 shares during the period. SJS Investment Consulting Inc. raised its position in shares of GE Vernova by 2.0% in the fourth quarter. SJS Investment Consulting Inc. now owns 974 shares of the company’s stock worth $637,000 after acquiring an additional 19 shares during the period. Apella Capital LLC raised its position in shares of GE Vernova by 4.3% in the fourth quarter. Apella Capital LLC now owns 1,154 shares of the company’s stock worth $754,000 after acquiring an additional 48 shares during the period. Aaron Wealth Advisors LLC raised its position in shares of GE Vernova by 14.6% in the fourth quarter. Aaron Wealth Advisors LLC now owns 3,200 shares of the company’s stock worth $2,091,000 after acquiring an additional 407 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its position in shares of GE Vernova by 16.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,889 shares of the company’s stock worth $1,235,000 after acquiring an additional 272 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GEV shares. Glj Research upped their price objective on shares of GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Zacks Research upgraded shares of GE Vernova from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 30th. Barclays upped their price objective on shares of GE Vernova from $849.00 to $993.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Robert W. Baird set a $923.00 price target on shares of GE Vernova and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Susquehanna upped their price target 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. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Buy” and a consensus price target of $863.61.

GE Vernova Trading Down 0.4%

GEV stock opened at $894.93 on Tuesday. The company has a market cap of $241.21 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 3.54 and a beta of 1.43. GE Vernova Inc. has a 12 month low of $253.08 and a 12 month high of $948.38. 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 released its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 EPS. As a group, equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be issued a $0.50 dividend. 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.